Bitcoin Hash Rate Hits One-Month Low at 880.32M TH/s on July 11

According to Crypto Quant, Bitcoin's hash rate 7-day moving average fell to 880.32M TH/s on July 11, down 65.658M TH/s from a week prior. This marks the lowest level since June 12, indicating reduced mining demand across the network.

Miner Bitcoin holdings increased slightly to 1.194 million BTC (approximately $114.32 billion) as of the same date, up 366 BTC from seven days earlier. The Bitcoin fuel multiple declined to 0.69, down 0.05 from the prior week.