Bitcoin computing power fell 14% in the past week, the largest weekly drop since July 2021

Glassnode data shows that the current hash rate of the Bitcoin network (7-day moving average) has dropped to a low point since the halving event, to 567 EH/s per second, significantly down from the peak of 655 EH/s. In the past week, Bitcoin's hash rate has dropped by 14%, marking the largest weekly decline since July 2021.