The price of Bitcoin (BTC) has risen by 1.62% to $17,469.08 at 9am Sydney time.
Bitcoin currently has a market capitalisation of $336.43 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 1.63%, trading at $1,340.65
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.