Bitcoin's computing power has dropped 14% in the past week, marking the largest weekly decline since July 2021
ChainCatcher message, Glassnode data shows that the current computing power (7-day MA) of the Bitcoin network has dropped to 567 EH/s per second, which is a low point since the halving event and significantly lower than the peak of 655 EH/s.
In the past week, Bitcoin's computing power has fallen by 14%, marking its largest weekly decline since July 2021.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A whale deposited 2 million USDC into HyperLiquid and opened a 5x leveraged long position on SOL.
Bitdeer mined 122.4 BTC this week, increasing its total bitcoin holdings to 2,141.1 BTC