Crypto

[NEWS] Bitcoin hits all-time high in Japanese yen since November 2021

2024/08/09 09:15 (Updated 2024/12/18 14:42)
Editors of Iolite
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[NEWS] Bitcoin hits all-time high in Japanese yen since November 2021

Update since November 2021

Bitcoin (BTC) surpassed 7.9 million yen in Japanese yen on the 15th, breaking its all-time high. Although there is some variation depending on the exchange, the highest price to date was about 7.9 million yen recorded in November 2021 (see Coincheck price at the time).

Bitcoin (BTC) surpassed 7.9 million yen in Japanese yen on the 15th, breaking its all-time high. Although there is some variation depending on the exchange, the highest price to date was about 7.9 million yen recorded in November 2021 (see Coincheck price at the time).

Bitcoin spot ETFs and Bitcoin halving have been in the spot market, and prices have been performing well, especially since the beginning of this year. In addition, as a result of the increasing possibility of interest rates being lowered in the United States, it is believed that funds have flowed into crypto assets (virtual currencies) as well as tech stocks.

Along with the rise in Bitcoin, altcoins have also risen significantly. Among them, Ethereum (ETH) has risen significantly due to the implementation of a major upgrade called "Dencun" next month, and like Bitcoin, it is close to breaking its all-time high in Japanese yen.

The all-time high of Bitcoin in dollars is $69,000 (approximately 10.36 million yen). With the yen weakening and the dollar strengthening, it has already broken its all-time high in Japanese yen.

At the time of writing, Bitcoin is trading at $52,500 (approximately 7.9 million yen). Its market capitalization has also exceeded $1 trillion (approximately 15 billion yen).
Image: Shutterstock

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Iolite Vol.14

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Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.