Home Finance Crypto news Bitcoin (BTC) Hits Record High in Yen (JPY) Terms, Reflecting Stress on Japan’s Fiat Currency

Bitcoin (BTC) Hits Record High in Yen (JPY) Terms, Reflecting Stress on Japan’s Fiat Currency

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Bitcoin (BTC) Hits Record High in Yen (JPY) Terms, Reflecting Stress on Japan’s Fiat Currency

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For instance, early Monday, the leading cryptocurrency, often considered digital gold, hit a new record high of 7.9 million yen on Tokyo-based cryptocurrency exchange bitFLYER. In contrast, the cryptocurrency’s dollar-denominated price stood above $52,000 or 32% short of the record high of $69,000 reached in November 2021, according to data from the charting platform TradingView.

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