The price of Bitcoin (BTC) has decreased by 2.81% to $42,466.85 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $831.57billion.
Bitcoin’s closest peer Ethereum (ETH) is currently lower by 2.53% trading at $2,227.35
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.