Bitcoin price falls 0.92% overnight

The price of Bitcoin (BTC) has decreased by 0.92% to $27,593.92 at 9 am Sydney time.

Bitcoin currently has a market capitalisation of $534.07 billion. 

Bitcoin’s closest peer Ethereum (ETH) is currently lower by 0.74%, trading at $1,862.39.

Together Bitcoin and Ethereum make up almost 60% of the total cryptocurrency market.

This means that the prices for Bitcoin and Ethereum can indicate the direction of the market more broadly.