Bitcoin price rises 4.50% overnight
Market Update
The price of Bitcoin (BTC) has increased by 4.50% to $41,880.46 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $819.23 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 1.33% trading at $2,232.18
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.