Market update 12th April 2018

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Nice gains overall today in cryptocurrency space, BTC up 11% as of right now, ETH up 9%.

Bitcoin price is 7704 bid/ask, Ethereum price is 458 bid/ask (Kraken/Binance).

Notable gainers today: MIOTA, ADA, XRP.

Key test for bitcoin is to close above 8 000, so far it’s struggling to take out the 8K mark, maybe Friday will bring more clarity.

However, provided the recent geopolitical tensions, there’s still downside pressure and technically we are still below 200DMA on daily price chart.