The price of Bitcoin (BTC) has decreased by 0.75% to $41,830.78 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $820.37billion.
Bitcoin’s closest peer Ethereum (ETH) is currently lower by 0.73% trading at $2,249.63.
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.