News View Non-AMP

Bitcoin Price Hits New All-Time-High In THIS Country

Published by
Qadir AK

In the midst of Japan’s recent economic downturn, there’s a notable uptick in Japanese interest in Bitcoin. This resurgence sparks fresh discussions on the ongoing debate between traditional currencies and the allure of cryptocurrencies.

As the yen takes a dip to a 33-year low against the dollar, Bitcoin stands out as a reliable option amid economic uncertainty. Achieving a historic milestone, Bitcoin reaches an all-time high of ¥7,819,900 in Japan.

Bitcoin Hits Tokyo’s Skyline

Bitcoin recently reached an impressive high of 7.9 million yen on Tokyo’s bitFLYER exchange, though its dollar value remains below the previous peak of $69,000 in November 2021, hovering around $52,000.

This surge is linked to various factors, including Japan’s economic policies, global market trends, and the growing acceptance of digital currencies in the Asia-Pacific region.

Also Read: Crypto Regulations in Japan

Growing Interest in Digital Assets

Due to recent Inflation in Japan, fiat currencies have lost value, causing investors to seek refuge in bitcoin and gold, which may preserve wealth. After falling 13% and 7.5% against the dollar, the yen fell 6.4% this year. The yen’s decline against the dollar has been a significant catalyst for Bitcoin’s adoption in Japan.

As the yen weakens past ¥150 per dollar, investors increasingly turn to Bitcoin as a hedge against the devaluing currency. This aligns with a global shift towards digital currency investment, with Bitcoin’s global trading value exceeding $52,000 and predictions of reaching new all-time highs by March’s end.

Read More: Bitcoin Price Poised To Rally 10-12x In This Crypto Bull Run Says Crypto Analyst 

Crypto Surges – Here’s Why!

The intersection of legal clarity and volatile fiat currencies in Japan accelerates cryptocurrency growth. This trend is likely to continue, especially if the Bank of Japan shifts away from easy monetary policies, making Bitcoin more appealing than the yen. Investors, seeking secure options amidst the recent depreciation of the dollar and yen, find Bitcoin an increasingly attractive choice.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Crypto Liquidations Nearly $1B Today: Time to Exit and Take Profits?

The cryptocurrency market recorded more than $841 million in total forced liquidations during the last…

May 31, 2025

Bitcoin Price Displays a Similar Deviation: Is it Time for a Deeper Correction?

Ever since the start of the week, the Bitcoin price has been facing significant bearish…

May 30, 2025

Nimanode Ignites XRP Ecosystem with $NMA Presale, Eyes 10X Growth Post-Launch

Nimanode, the first no-code AI agent platform built natively on the XRP Ledger (XRPL), is…

May 30, 2025

Solana Targets $200 as TRON Prepares to Flip December’s ATH; Could Unilabs’ AI Launchpad Reshape DeFi?

With Bitcoin (BTC) ranging between $105,000 and $110,000, attention is gradually shifting to altcoins, causing…

May 30, 2025

Solana (SOL) Price Heading to the Crucial Range—Will it Drop to $150 or Rebound to $180?

The crypto markets are consolidating ahead of the $5 billion liquidity entering the space, as…

May 30, 2025

Top Cryptocurrencies Poised for Explosive Growth in 2025: Ripple, Ethereum, and Unilabs

Per reports from crypto commentators, the Ripple price might be soaring to $5 in the…

May 30, 2025