Bitcoin price rises 0.39% overnight

Business news

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The price of Bitcoin (BTC) has risen by 0.39% to $22,429.22 at 9 am Sydney time.

Bitcoin currently has a market capitalisation of $433.09 billion. 

Bitcoin’s closest peer Ethereum (ETH) is currently lower by 0.018%, trading at $1,565.43

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.