The price of Bitcoin (BTC) has risen by 5.06% to $19,847.95 at 9am Sydney time.
Bitcoin currently has a market capitalisation of $382.3 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 2.22%, trading at $1,452.69
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.