The price of Bitcoin (BTC) has risen by 5.26% to $20,893.34 at 9am Sydney time.
Bitcoin currently has a market capitalisation of $402.45 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 5.65%, trading at $1,537.23
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.