![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](https://digitallifegaming.com/wp-content/uploads/2024/01/2QDVJHWZZRCLJGCM7UFTL4YUZU-768x402.jpg)
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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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