Bitcoin has just broken through US$100,000
Bitcoin’s rally past the $100k milestone today highlights a possible shift in market dynamics, with capital rotating from assets like XRP and TRX—both seeing double-digit declines—back into Bitcoin.
The 3% rise in Bitcoin and the overall market cap reflects renewed confidence, potentially driven by profit-taking and fresh investment.
Adding to this momentum is the broader regulatory landscape. Recent developments, such as ASIC's ongoing consultation on digital asset regulations, signal significant change. Industry stakeholders are evaluating ASIC’s proposals, particularly regarding stablecoins, wrapped tokens, and DeFi tools, which could impact Australians’ access to certain crypto products.
A well-structured regulatory framework is essential to ensure local platforms remain competitive while safeguarding innovation and investors.
At the same time, optimism around the appointment of Paul Atkins as SEC Chair in the United States fuels positive sentiment. Atkins’s market-friendly stance and emphasis on fostering innovation have raised expectations for clearer, more crypto-aligned policies.
Together, these domestic and international factors create a supportive backdrop for Bitcoin’s historic rise.
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Caroline Bowler is the CEO of BTC Markets, one of Australia’s largest home-grown cryptocurrency exchanges with over 352,000 Australian clients who have traded more than $26bn since 2013. She plays an active role as an educator and advocate for the digital assets and blockchain industry and was on the board of Blockchain Australia for two years in a row, spearheading industry participation in regulatory change. Caroline has worked in Financial Services since 2004, both in Europe and Asia-Pacific. Over her career, Caroline has worked with a variety of financial institutions including investment banks, hedge funds, financial technology companies, and financial advisors. This has extended to blockchain and digital asset companies since 2015.
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The information is general only and is not intended to constitute an opinion or recommendation with respect to its contents. Past performance is not a reliable indicator of future performance. Any reference to past performance is intended to be for general illustrative purposes only. The information cannot be relied upon for any purposes and is not intended to be a substitute for professional advice.
The information does not purport to be complete, accurate or contain all of the information that a person may require to make a decision. It may also contain forward looking statements, which are subject to known and unknown risks, uncertainties, and other factors. We recommend you obtain professional advice before making any decision with respect to the matters discussed in this document. To the maximum extent permitted by law, BTC Markets will have no liability for any loss or liability of any kind: (i) arising in respect of the information contained (or not contained) on this page; or (ii) arising from a person relying on any information or statement contained on this page. The information provided is only intended for recipients in Australia. This information cannot be reproduced without our prior written permission.
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Caroline Bowler is the CEO of BTC Markets, one of Australia’s largest home-grown cryptocurrency exchanges with over 352,000 Australian clients who have traded more than $26bn since 2013. She plays an active role as an educator and advocate for the...
Expertise
Caroline Bowler is the CEO of BTC Markets, one of Australia’s largest home-grown cryptocurrency exchanges with over 352,000 Australian clients who have traded more than $26bn since 2013. She plays an active role as an educator and advocate for the...
Expertise
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