The price of Bitcoin (BTC) has fallen by 5.01% to $22,266.34at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $429.9 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently lower by 5.07%, trading at $1,559.62
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.