The price of Bitcoin (BTC) has fallen by 2.07% to $223,078.59 at 9am Sydney time.
Bitcoin currently has a market capitalisation of $444.8 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently lower by 0.81%, trading at $1,603.43
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.