**Bitcoin Network Faces Hashrate Dip Amid Market Changes**

In early July, Bitcoin's hashrate—a measure of the network's computing power—dropped to levels unseen since the December 2022 bear market. This decline hints at miner capitulation following Bitcoin's April halving, which cut block rewards to 3.125 BTC, slashing miner revenue.

Bitcoin's price also dipped below $60,000 due to selling pressure from German authorities and Mt. Gox repayments but has since rebounded to around $65,000.

Despite these challenges, Marathon Digital Holdings, a major BTC mining firm, didn't sell any Bitcoin in June, holding onto 18,536 coins.

Experts argue that while the hashrate drop is notable, it isn't as severe as past declines, and the network remains secure. The built-in mining difficulty adjustment ensures stability, even as some miners exit the market.