Bitcoin Breaks All Time High

The unexpected rise in value of Bitcoin relative to the Japanese yen is indicative of significant regulatory developments.

Bitcoin Breaks All Time High

Bitcoin Breaks All Time High

“Today, Bitcoin jumped to an all-time high of 7,870,000 JPY, an unprecedented milestone versus the Japanese yen. With this, Bitcoin has reached its highest worth in Japan since November 2021, surpassing the previous high of 7,794,000 JPY.”

Bitcoin Breaks All Time High Chart

The rise in Bitcoin’s worth relative to the yen aligns with a significant 25% increase over the last fortnight, surpassing its 22% growth against the dollar within the same timeframe. Remarkably, Bitcoin’s peak against the dollar stands at $69,000, suggesting potential for additional upward momentum in its valuation.

BTC Records New Highs

  • Early Thursday, Bitcoin achieved an all-time high when measured in yen, surpassing its prices denominated in U.S. dollars, euros, British pounds, and Australian dollars.
  • The ongoing money printing by the Bank of Japan and the resurgence of inflation have diminished sentiment surrounding the Japanese yen.

Bitcoin Heading for a New Record High

Bitcoin Heading for a New Record High

Earlier this week, CryptoPotato reported that BTC achieved a new all-time high (ATH) in Argentina, reaching a valuation of 40 million ARS. Over the past six years, the Argentine Peso has experienced a significant decline of roughly 99% against the USD, prompting Argentinians to seek refuge in alternative assets such as BTC and USDT.

Yesterday, BTC surged above $52,000, reaching a new peak of 7.9 million Yen on Tokyo-based crypto exchange bitFLYER, surpassing its previous record of 7.79 million JPY in November 2021. The depreciation of the JPY, which has fallen to 150 against the USD, has allowed Germany to surpass Japan as the world’s third-largest economy in dollar terms.

In Nigeria, Bitcoin is also experiencing higher trading values, with the asset currently priced at approximately 75 million NGN. This figure starkly contrasts with the 30 million NGN recorded when BTC reached its ATH against the dollar in November 2021. Despite the Nigerian government easing its stance on cryptocurrencies, the country continues to grapple with inflationary pressures.

BTC Price Records in Turkey and Japan

BTC Price Records in Turkey and Japan

Regarding all-time highs, it’s worth noting that U.K.-based entrepreneur and commentator Alistair Milne highlighted Bitcoin’s continued record-breaking performance against the Turkish lira (TRY).

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