The price of Bitcoin (BTC) has risen by 0.16% to $27,431.18 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $530.19 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently lower by 0.74%, trading at $1,734.42
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.