Sunday 6 January – most of the top 20 cryptocurrencies are seeing a mix of moderate gains and losses on the day and at the time of printing. The price of Bitcoin (BTC) is currently still around $ 3,850, according to Coin360 data.
Market display from Coin360
At the time of printing, Bitcoin is only a fraction of the percent of the day, trading around $ 3,870. Looking at his weekly chart, the current price is back to the starting point at $ 3,867 on December 30th. The current price is less than the mid-week maximum of $ 3,946 on 2 January, and in particular higher than the $ 3,710 minimum referenced in January. 1.
Bitcoin 7-day price chart. Source: CoinMarketCap
Ethereum (ETH) remains the second largest cryptocurrency by market capitalization. The division between ETH and Ripple (XRP) – the third largest crypt by market capitalization – is increasing. The market capitalization of Ethereum is currently $ 15.9 billion, while the capitalization of Ripple is $ 14.5 billion.
Ethereum has seen its value decrease by almost 3 percent in the last 24 hours. At the time of printing, ETH traded at around $ 153, starting the day around $ 157. On the weekly chart, the current value of Ethereum is significantly higher than $ 139, the price at which the currency started the week.
7-day chart of Ethereum. Source: CoinMarketCap
The ripple is down by a percentage percentage on the day, trading around $ 0.357 at the time of printing. On the weekly chart, the current price is less than $ 0.366 – the price at which XRP started the week – and $ 0.378, the mid-week high, reported on January 2nd.
7 days price chart ripple. Source: CoinMarketCap
Among the top 20 cryptocurrencies, those that reported the most significant share price are Litecoin (LTC) – which gained almost 8% – and Cardano (ADA), which gained over 5%.
The combined market capitalization of all cryptocurrencies – currently about $ 132.3 billion – is almost the same point a week ago, at $ 130.2 billion. The current value is slightly lower than the maximum intra-week of $ 135.2 billion, reported on 2 January.
7-day chart of the total encrypted market. Source: CoinMarketCap
As Cointelegraph recently reported, the leading financial consulting firm McKinsey & Company published a post under which the company believes there is little evidence of practical use for blockchain.
A supervisory memorandum published earlier this week stated that the Texas Banking Department may consider stablecoins as money, making them and trading them on the basis of a series of Texas laws and licensing requirements.