Bitcoin price falls 0.47% overnight

Business news

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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.