The price of Bitcoin (BTC) has risen by 2.10% to $20,491.16 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $395.78 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 3.65%, trading at $1,473.46
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.