Prices current around 4:23pm AEDT.
For those not so interested in bitcoin, here's an update on where things landed on the ASX 200 today.
The main index gained 12.30 points or 0.15% to 8,474.
The All Ordinaries rose 0.2 per cent.
The top performing stocks on the ASX 200 were Genesis Minerals and Ramelius Resources, up 9.13% and 8.53% respectively.
The ASX is currently 0.47% off of its 52-week high.
Six of the 11 sectors closed higher, with tech coming out on top.
On the tech front, Data#3 jumped 4.2% TechnologyOne jumped 2.8%, while WiseTech added 1.9%.
Consumer discretionary gains were led by Tabcorp, up 4.6%. Breville (+3.7%,) while Premier Investments climbed 3.6%.
Taking a look at the day's biggest gains and declines, miners dominated.
Good afternoon,
The trading day may be coming to an end, but there's no end to our business coverage!
Tonight at 8:45pm on The Business, host Kirsten Aiken is speaking with Flight Centre boss Graham Turner who says a lack of competition in the domestic aviation market means no cost-of-living relief when it comes to airfares.
We discuss ticket prices, who's at the front of the plane, where they're going and who's not boarding at all.
And the program has ASIC Commissioner Alan Kirkland in the studio on why the regulator's got an eye on the insurers' complaints handling procedures.
Plus, Rachel Clayton on how the popularity of a new generation of weight loss drugs is reshaping entire industries.
It's a good one! Make sure you tune in on the ABC News Channel at 8:45pm or catch us on ABC iview .
Hi team, just jumping in to pull back the curtain on how journalism sometimes works.
Governments buy (procure is the preferred term) lots of products and services.
Over a certain level of cost, departments have to go to a competitive tender, meaning the AusTender is a daily wild mix of opportunites for business.
Here are some of just the topline options today of what they're looking for:
(I have absolutely no idea what that is, but is certainly sounds dangerous).
So I was excited to see an approach to market for "the provision of optically clear injection moulded plastics for coins".
Clear coins! Or bits of clear in coins!
That would be very different and certainly interesting to people, even as the use of cash declines.
Sadly, it's duller than that - it's for the plastic holders that go around collectable coins to keep them in best condition.
But I hope that gives you a sense of some of the dead ends we're sprinting down as we look for interesting and important news to bring to you.
There has been a sharp rise in the number of younger Australians leaving the workforce permanently because of mental health related diagnoses.
New research from the Council of Australian Life Insurers (CALI) and KPMG looked at a decade of life insurance data analysing both permanent and temporary disability claims.
The data shows an exponential rise in the number of people who are leaving the workforce for good because of their mental health.
More from the ABC.
Hi Pat, what kind of numbers are we talking for the power bill?
In moments like these, one wonders what Fabio Panetta, a member of the European Central Bank's executive board, would be thinking.
In recent years Mr Panetta has delivered a series of speeches about cryptocurrencies.
He's not a fan.
Last year, he delivered a speech in Switzerland with the title: "Paradise lost? How crypto failed to deliver on its promises and what to do about it."
These were some of the points he made, quoted verbatim:
"Crypto has relied on constantly creating new narratives to attract new investors, revealing incompatible views of what crypto-assets are or ought to be.
"Crypto valuations are highly volatile, reflecting the absence of any intrinsic value. This makes them particularly sensitive to changes in risk appetite and market narratives.
"Due to their limitations, cryptos have not developed into a form of finance that is innovative and robust, but have instead morphed into one that is deleterious. The crypto ecosystem is riddled with market failures and negative externalities, and it is bound to experience further market disruptions unless proper regulatory safeguards are put in place.
"Unbacked cryptos lack intrinsic value and have no backing reserves or price stabilisation mechanisms. This makes them inherently highly volatile and unsuitable as a means of payment. Bitcoin, for instance, exhibits volatility levels up to four times higher than stocks, or gold.
"Such high volatility also means that households cannot rely on crypto-assets as a store of value to smooth their consumption over time. Similarly, firms cannot rely on crypto-assets as a unit of account for the calculation of prices or for their balance sheet.
"The very instability of unbacked cryptos does make them appealing as a means of gambling.
"Besides gambling, crypto assets are also being used for bypassing capital controls, sanctions and traditional financial regulation. A prime example is bitcoin, which is used to circumvent taxes and regulations, in particular to evade restrictions on international capital flows and foreign exchange transactions, including on remittances."
In July this year, he spoke at the Italian Banking Association's annual dinner, and he repeated some of those arguments in a condensed form:
"Crypto-assets are held by operators whose main objective is to sell them on at a higher price and, in some cases, to dodge tax rules or the regulations in place to counter money laundering and terrorist financing.
"In many cases, these crypto-assets are in effect akin to a gamble, a speculative high risk contract, whose value is not tied to fundamentals. For these reasons, their value fluctuates very sharply.
"Clearly, they do not possess the characteristics that make them suited to perform the three inherent functions of money: a means of payment, store of value and unit of account."
When Mr Panetta delivered that speech in Switzerland last year, the price of Bitcoin was sitting around US$30,000 (having fallen from its then-peak of almost US$70,000 in late 2021).
When he delivered his speech in July this year, the price of Bitcoin was sitting around $US65,000.
And now, five months later, the price of Bitcoin has cracked US$100,000 for the first time, after an almighty surge in value since Donald Trump's election win.
Here's a chart of Bitcoin's price stretching back more than seven years.
A story out from the ABC's chief digital political correspondent Jacob Greber about BHP Australia president Geraldine Slattery calling on the government to push ahead with new environmental laws.
In a speech at a Melbourne Mining Club function, Ms Slattery said a regulatory overhaul was needed, but it should start "with streamlining permitting, making it easier to deliver major projects."
Rio Tinto has been making similar calls for an overhaul of the existing Environment Protection and Biodiversity Conservation Act, which is 25 years old.
However, it is reported that neither global mining giant agrees with Labor's plans to establish an independent Environmental Protection Agency (EPA), and would prefer a system that keeps decision-making subject to intervention by governments rather than decided by bureaucrats.
On the one hand, ministers making decisions are subject to democratic accountability, which bureaucrats aren't (at least directly).
On the other, a cynic might observe that it's easier to (legally) influence politicians, such as through political donations, than it is to do so bureaucrats.
You can read Jacob's story via the link below:
The path the last year has been pretty clear.
Worth noting that US$100,000 is worth $160,288 in Australian dollar terms.
You can watch it here on Instagram.