Bitcoin's computing power has rebounded and exceeded the historical high before the fourth reward halving event. On May 8th, the 7-day simple moving average (SMA) showed that the network's computing power had fallen to a low of 582 EH/s.

This week, on May 25th, 2024, Bitcoin's network computing power climbed to a new historical high of 657 EH/s, currently at 652 EH/s, and the hash price has increased to over $53 per PH/s. (Bitcoin.com)