Bitcoin climbed above $113,000 this week, reaching its highest level since January and catching plenty of Australians off guard. So, what the hell is going on?
After all, isn’t crypto dead?
Just a week ago, the cryptocurrency was trading around $90,000 AUD, after Bitcoin plunged as low as $85,000 in June, almost 55 per cent below its October 2025 all-time high of more than $190,000.
It was a brutal drop, and it’s easy to see why so many Australians wrote Bitcoin off entirely, especially when, just a few years ago, it seemed impossible to escape hearing about it.
If it wasn’t your weird uncle at the BBQ telling you Bitcoin was about to change the world, it was someone at the pub, in the office kitchen, or all over your social media…
