Bitcoin has displayed signs of recovery by gaining approximately $9,000 since hitting a local low on Sept. 6, marking a 15% increase in value. The deviation between bitcoin’s (BTC) price and its hash rate became evident in July and persisted through early September, with the network’s computing power reaching a record high of 693 exahashes per second (EH/s) on a seven-day moving average, while bitcoin’s price hovered around $54,000.
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