07.05.2020 BTC Daily Analysis

07.05.2020 BTC Daily Analysis

The Cambridge Centre for Alternative Finance (CCAF), which is based at the Cambridge Judge Business School, said Wednesday the Bitcoin Mining Map would visualize countries' monthly share of global hash rate for the very first time, as well as provide more in-depth data for comparing Chinese provinces. On a global scale, the map shows China making up 65% of the total global hash rate, with the U.S. and Russia back on 7%. While China is still way out in front, its share of the hash rate has dropped roughly 10% since September. Bitcoin price popped above the $9,150 and $9,200 resistance levels against the US Dollar to move into a positive zone. BTC price even climbed above $9,300 and settled above the 100 hourly simple moving average.