According to data from the Gate platform, Bitcoin rose to 116,542.9 USDT on July 11, 2025, having increased for several consecutive trading days. The hourly chart shows a significant volume increase with a long bullish candle, indicating high market enthusiasm, and briefly broke through the two key levels of 114,000 and 115,000.
The highest price once reached 117,341.4 USDT, indicating that short-term capital drive is very strong.
The Australian dollar has recently continued to weaken against the US dollar, currently stabilizing around 1 USDT ≈ 1.50 AUD. Against the backdrop of currency devaluation, even if the price of Bitcoin remains unchanged in USDT, the conversion price to AUD will increase.
Therefore, the “dual effect” of BTC/USD pump + AUD weakening has led to BTC/AUD simultaneously hitting a phase high.
Based on the current price:
In other words, purchasing 1 BTC requires about 175,000 AUD. It has risen more than 30,000 AUD compared to the mid-June low.
In addition, many Australian investors choose to obtain better exchange rates and a richer variety of trading pairs through international platforms (such as Gate).
Although the short-term rise has been significant, multiple indicators still show a bullish market: