According to Luxor's hashrateindex.com data, according to the 7-day simple moving average (SMA), Bitcoin's total hashrate hit a record high in the past week. On July 25, the indicator reached 677EH/s, surpassing the high of 659EH/s recorded on May 25. In addition, based on the 3-day SMA, Bitcoin network hashrate hit a record high of 707EH/s on July 22.