Bitcoin price rises 0.16% overnight

The price of Bitcoin (BTC) has risen by 0.16% to $22,940.16 at 9 am Sydney time.

Bitcoin currently has a market capitalisation of $442.36 billion. 

Bitcoin’s closest peer Ethereum (ETH) is currently higher by 1.10%, trading at $1,639.36

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.