The price of Bitcoin (BTC) has risen by 0.77% to $22,936.62 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $442.17 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 1.25%, trading at $1,576.00
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.