The price of Bitcoin (BTC) has fallen by 7.97% to $20,246.07 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $391.01 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 7.66%, trading at $1,433.52
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.