Bitcoin's seven-day moving average (7DMA) hash rate surpassed 700 EH/s for the first time, marking a 13% increase since April's halving.

• The bitcoin hashrate has surpassed 700 EH/s for the first time, marking a 6% increase over the past seven days.
• Bitcoin's hashprice briefly went above $50 PH/s, a two-month high, as mining profitability increased driven by a spike in transaction fees and a surge in bitcoin's price.

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