The price of Bitcoin (BTC) has fallen by 0.35% to $23,609.52 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $455.19 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 1.23%, trading at $1,657.11
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.