Bitcoin-Yen Pair Hits Record High, Reflects Stress on Japan’s Fiat Currency

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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• Source: https://www.coindesk.com/markets/2024/02/15/bitcoin-hits-record-high-in-yen-terms-reflecting-stress-on-japans-fiat-currency/?utm_medium=referral&utm_source=rss&utm_campaign=headlines