Bitcoin

While extreme weather events occasionally trigger regional grid stress and renewable curtailment headlines, Australia accounts for negligible global proof-of-work mining capacity (<0.5%). Consequently, digital asset valuations remain entirely untethered from this event, dictated instead by BTC dominance and prevailing liquidity conditions.

A total fire ban is in place across greater Sydney with temperatures forecast to reach 37C and extreme fire danger due to hot, dry conditions and thunderstorms.