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Bitcoin network hashrate correlation with Bitcoin price action

Bitcoin network hashrate correlation with Bitcoin price action

Bitcoin network hashrate hit an all-time high of 108.5 million TH/s on September 26. The correlation between Bitcoin price action and the network hashrate cannot be ignored. Bitcoin is taking advantage of the high congestion of buyers at $8,000 to push for correction above $8,200. Besides, the target in the short-term is $8,400.