The price of Bitcoin (BTC) has risen by 0.60% to $27,304.47 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $527.56 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 1.33%, trading at $1,783.93
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.