The price of Bitcoin (BTC) has increased by 2.92% to $30,361.54at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $587.5 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 0.63%, trading at $2,092.20.
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.