Crypto

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

2024/02/14Editors of Iolite
SHARE
  • sns-x-icon
  • sns-facebook-icon
  • sns-line-icon
[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

Related articles

Bitcoin surpasses $50,000 for the first time in about two years, closing in on all-time high in Japanese yen

Fed Chairman Powell says interest rate cut in March "probably not" Bitcoin and other crypto assets also fall

SHARE
  • sns-x-icon
  • sns-facebook-icon
  • sns-line-icon
Side Banner
Side Banner
MAGAZINE
Iolite Vol.12

Iolite Vol.12

March 2025 issueReleased on 2025/01/30

Interview Iolite FACE vol.12 Chainalysis Japan, Masahiko Uchida, Messari Japan CEO/DeFimans Inc. CEO and Co-founder, Taishi Sato PHOTO & INTERVIEW Darenogare Akemi Special feature: "What is Ethereum? Approaching the light and darkness of Ethereum," "What will happen to Bitcoin in 2025? A thorough explanation of important topics and future prospects," "2025 cryptocurrency trend forecast: Events that weave the history of cryptocurrencies and a calendar of future predictions" Special interview: Takuya Tsuji, CEO of Techcross Inc. x Yoichi Wada, former CEO of Square Enix Series Tech and Future Sasaki Toshinao...etc.

MAGAZINE

Iolite Vol.12

March 2025 issueReleased on 2025/01/30
Interview Iolite FACE vol.12 Chainalysis Japan, Masahiko Uchida, Messari Japan CEO/DeFimans Inc. CEO and Co-founder, Taishi Sato PHOTO & INTERVIEW Darenogare Akemi Special feature: "What is Ethereum? Approaching the light and darkness of Ethereum," "What will happen to Bitcoin in 2025? A thorough explanation of important topics and future prospects," "2025 cryptocurrency trend forecast: Events that weave the history of cryptocurrencies and a calendar of future predictions" Special interview: Takuya Tsuji, CEO of Techcross Inc. x Yoichi Wada, former CEO of Square Enix Series Tech and Future Sasaki Toshinao...etc.