The price of Bitcoin (BTC) has risen by 0.50% to $16,943.86 at 9am Sydney time.
Bitcoin currently has a market capitalisation of $326.25 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 1.15%, trading at $1,266.91
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.