The price of Bitcoin (BTC) has increased by 0.49% to $29,384.78 at 9 am Sydney time.

Bitcoin currently has a market capitalisation of $568.91 billion. 

Bitcoin’s closest peer Ethereum (ETH) is currently lower by 0.72%, trading at $1,892.50.

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.