The price of Bitcoin (BTC) has decreased by 3.14% to $26,349.71 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $510.73 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently lower by 2.91%, trading at $1,799.32.
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.