Bitcoin Hovers Оver $3,850 as Best Cryptos See Mixed Signals

A supervisory memorandum published earlier this week stated that the Texas Department of Banking could contemplate stablecoins as cash, which makes them exchanges which deal with them subject to a range of Texas laws and licensing needs.

Sunday, Jan. 6 -- most of those top 20 cryptocurrencies are visiting a mixture of moderate gains and losses over the afternoon to press on time. Bitcoin’s (BTC) cost is currently hovering around $3,850 back, according to Coin360 data. Ethereum 7-day graph. Supply: CoinMarketCap Market Growing from Coin360 Bitcoin 7-day cost graph. Supply: CoinMarketCap As Cointelegraph recently reported, major financial consulting company McKinsey & Company released a post according to which the provider believes that there's little evidence of practical use for blockchain. Among the top 20 cryptocurrencies, the ones reporting the most notable cost actions are Litecoin (LTC) -- that gained almost 8 percent -- and Cardano (ADA), that can be up over 5 per cent. At that time, Bitcoin is up only a portion of a percent on the afternoon, trading at about $3,870. Looking in its weekly graph, the current cost has come full circle from $3,867 on Dec. 30. The current cost is lower compared to intra-week high in $3,946 on Jan. 2, and notably greater than the low cost of $3,710 reported on Jan. 1. Ripple is down a fraction of a percent on the afternoon, trading at about $0.357 at press time. On the weekly chart, the current cost is lower compared to 0.366 -- the cost at which XRP began the week -- and 0.378, the mid-week large, reported Jan. 2. The combined market capitalization of cryptocurrencies -- currently equivalent to approximately $132.3 billion -- will be at almost the exact same stage it had been in one week at $130.2 billion. The current value is slightly lower compared to intra-week high of $135.2 billion, also reported Jan. 2. Total crypto market cap 7-day graph. Supply: CoinMarketCap Ethereum (ETH) remains the second largest cryptocurrency by market cap. Ethereum has seen its value reduction by nearly 3% over the previous 24 hours. At press time, ETH is currently trading at about $153, having started the day approximately $157. On the weekly chart, Ethereum’s current value is notably greater than $139, the cost at which the coin began the week. Ripple 7-day cost chart. Supply: CoinMarketCap