Latest data shows that the global largest cryptocurrency, Bitcoin, has once again set a new historical record in its network hashrate. According to Luxor's data from the hasrateindex.com platform, as of July 25th, the Bitcoin network hashrate reached 677EH/s, a significant increase from the previous peak of 659EH/s (recorded on May 25th). The increase in hashrate not only reflects the increase in computational resources invested by Bitcoin miners but also indicates ongoing interest and investment enthusiasm in this cryptocurrency. Furthermore, based on the analysis of the Simple Moving Average (SMA) over three days, the Bitcoin network's hashrate reached a new high of 707EH/s on July 22nd, further demonstrating the strength and stability of the Bitcoin network.