The price of Bitcoin (BTC) has fallen by 1.05% to $28,091.89 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $543.09 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently lower by 0.41%, trading at $1,792.67
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.