The price of Bitcoin (BTC) has risen by 0.77% to $16,740.21 at 9am Sydney time.
Bitcoin currently has a market capitalisation of $322.26 billion.
Bitcoin?s closest peer Ethereum (ETH) is currently higher by 1.34%, trading at $1,218.95
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.