The price of Bitcoin (BTC) has risen by 3.64% to $28,202.27 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $545.04 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 5.33%, trading at $1,815.83
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.