Cryptocurrency Brief: Bitcoin prices recover, IMF’s Lagarde says rapid development in financial technology risk for world market – Thursday, October 4th, 2018

BTC/USD: Bitcoin prices recovered during late European session Thursday, after remaining in the red zone for the past three days. At the time of writing, BTC/USD rose 1.03 percent to $6,570.50. Meanwhile, the near-term support is seen at $6,400.00 and resistance at $6,800.00.

Market Update: According to a report from CryptoGlobe, Gemini exchange announced today that with the help of Aon - the global professional services company, it has successfully obtained insurance coverage for digital assets held in its custody.

According to another report from NewsBTC, International Monetary Fund’s (IMF) Christine Lagarde said that the world is on the verge of another financial crash, following the rapid development in the world of financial technologies and increased risk of cybersecurity.

ETH/USD: In line with Bitcoin prices, Ethereum also surged, following a slight comeback of bullish sentiments in the market. At the time of writing, ETH/USD gained 1.38 percent to $223.78; the day’s high was seen at $227.90 and low at $219.31. Meanwhile, the near-term support is seen at $200.00 and resistance at $245.00.

XRP/USD: With an overall strong upside momentum, Ripple prices also remained in the green zone, in line with its immediate counterparts. At the time of writing, XRP/USD jumped 1.09 percent to $0.53416. Meanwhile, the near-term support is seen at $0.5000 and resistance at $0.5800.

BCH/USD: Bitcoin Cash, also remained in the upside zone, in line with its wider peers amid a topsy-turvy market over the past few days. At the time of writing, BCH/USD edged 0.75 percent higher to $520.90. Meanwhile, the near-term support is seen at $505.00 and resistance at $540.00.

EOS/USD: Nothing different, the EOS also rose, tracking its wider peers amid a range of mixed news around the cryptocurrency market over the past few weeks. At the time of writing, EOS/USD traded 1.48 percent higher at $5.7028. Meanwhile, the near-term support is seen at $5.40 and resistance at $6.05.

LTC/USD: Litecoin also matched its peers amid an overall bearish sentiment that prevails in the cryptocurrency market, but managed to rise during afternoon trading hours Thursday. At the time of writing, LTC/USD climbed 2.00 percent to $58.715. Meanwhile, the near-term support is seen at $50.00 and resistance at $65.00.