PANews reported on September 21 that according to Coindesk, the difference between Bitcoin's price and its hash rate, or the total computing power of the network, can cause Bitcoin's price to rise. Historically, these divergences have only occurred a few times in the past three years. In some cases, Bitcoin prices bottomed out during these events and then rebounded as the market caught up with the rising hash rate. The rise and fall of the Bitcoin network's hash rate depends on how many miners' mining computers are online to verify transactions. Consistent with this pattern, Bitcoin has shown signs of recovery, rising by about $9,000 since bottoming out on September 6, a 15% increase in value. This divergence between Bitcoin's price and its hash rate began to form in July and then continued until early September, when the network's computing power reached an all-time high of 693 EH/s on the seven-day moving average, and Bitcoin's price was close to $54,000.