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AAP
AAP
Business
Derek Rose

RARE PHOTOS: Crypto summer is back with a bang bitcoin hits 100k | Rare Historical Photos

Bitcoin was trading at $US102,600 on Thursday afternoon, or just over $A160,000 on local exchanges. (Joel Carrett/AAP PHOTOS)

Bitcoin has broken through the $US100,000 mark, a watershed moment for the once-dismissed asset and one that is sending euphoria through enthusiasts in Australia and across the world.

On Thursday afternoon, bitcoin had rallied 7.0 per cent in the past 24 hours to trade at $US102,600, or just over $A160,000 on Australian exchanges.

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