Bitcoin price rises 8.64% overnight
Business news
The price of Bitcoin (BTC) has risen by 8.64% to $27,140.81 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $524.37 billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 4.95%, trading at $1,760.46
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.