Bitcoin Hash Rate Rebounds to 657 EH/s, Marking a Historic All-Time High

BroadChain, a blockchain news outlet, has learned that on May 29th, according to Bitcoin.com, the Bitcoin network’s computing power has rebounded and surpassed its previous all-time high before the fourth halving event.
Prior to this, on May 8th, the 7-day Simple Moving Average (SMA) indicated that the network’s computing power had dropped to a low point of 582 EH/s.
This week, specifically on May 25th, 2024, the Bitcoin network’s computing power reached a new historical high of 657 EH/s. Currently, it stands at 652 EH/s, and the hash price has increased to over $53 per PH/s.