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

For in the event, early Monday, the leading cryptocurrency, often considered digital gold, hit a new record high of 7.9 million yen on Tokyo-based cryptocurrency switch 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, correspondence to data from the charting platform TradingView.