The price of Bitcoin (BTC) has risen by 4.44% to $28,390.92 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $548.84 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 1.82%, trading at $1,800.04
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.