Bitcoin surges to record high, Aussie dollar stays put

ABC NEWS (Australia)

Both the local share market and the Aussies dollar went sideways today, but the price of Bitcoin has surged to a new record high.

Transcript

00:00The price of the main cryptocurrency, Bitcoin, has increased 10% in a week, and it's gone

00:06above US$120,000 for the first time.

00:09But it's not the only crypto on the move.

00:11For example, Cardano is up 30% in a week, and Stellar has almost doubled.

00:16But most eyes are on Bitcoin, which has caught up to gold after a slow start in 2025.

00:22Both gold and Bitcoin, not to mention Cardano and Stellar, are catching a lot of the money

00:26pouring out of US dollars because of Trump departure syndrome.

00:30Gold rose over the weekend, but it's still a bit below its record high.

00:33But silver is at a record high after a jump of 3.8%, while oil went up 2.4%.

00:40The other record high posted last week was the artificial intelligence chip designer, Nvidia,

00:45which became the first company to be worth US$4 trillion.

00:49It rose again on Friday, even as the US market fell.

00:52And it's now worth 3.6% of global GDP, which is more than the entire share markets of the

00:59UK, France and Germany, and not far off double the total Australian share market.

01:05Just one company.

01:06The Australian share market is worth about the same tonight as it was on Friday, but with

01:10miners up, banks down.

01:13Shares in Reef Casino Trust, which owns the gambling den in Cairns, jumped after a takeover offer

01:18from the owner of casinos in Canberra and Alice Springs.

01:22Australian dollar stayed where it was, a little above 65.5 US cents.

01:27And finally, on the subject of Treasury's advice to the government to increase taxes, here's

01:32where Australia sits on the tax-to-GDP ratio ladder.

01:37Below France, Sweden, Great Britain, New Zealand and the OECD average, but above the United States.

01:44And that's finance.

01:48Yeah.

01:50Yeah.

01:51Yeah.

01:52All right.

01:53Yeah.

01:54Well, look at my youth.

01:55You, I knew he'd invest the summer, I knew it.

01:57Obviously shall I want in the legacy.

01:58In the place…

01:59Obviously, the other hand is not a number of initiatives.

02:00Well, that's in my mind.

02:01I'm not going to laugh.

02:01No to my sun was lit.

02:02I'm going to smoke the night.

02:02I'm going to search the summer.

02:03I'd laugh at this evening.

02:05I'm going to go wonder after the summer lighter of a sweetheart, and then, last

02:07that's going to pay off the house, but that's coming from home that don't

02:09hyvä.

02:10So here, it's going to go very long.

02:11Right.

02:12Have you beenMake a number of direct relations at the country like for protecting us

02:14in the future and last Ladies.

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