The price of Bitcoin (BTC) has fallen by 0.47% to $23,441.72 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $452.57 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently lower by 0.73%, trading at $1,642.95
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.