The price of Bitcoin (BTC) has risen by 1.70% to $22,986.52 at 9am Sydney time.
Bitcoin currently has a market capitalisation of $442.96 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 0.28%, trading at $1,631.52
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.