Bitcoin has reached an all-time high against the Japanese yen, Argentine peso, and Philippine peso
ChainCatcher message, according to CoinMarketCap data, shows that in Japan, BTC reached a historic high of 11.2 million yen during early trading on May 21. In recent months, the local currency has continued to weaken against the US dollar, with a 10% decline in the exchange rate since the beginning of the year.On May 21, the price of Bitcoin also peaked in Argentina, reaching 63.8 million Argentine pesos (ARS), slightly above the mid-March peak. This South American country has been struggling with an inflation rate currently as high as 290% and currency devaluation over the past few years.Similarly, on May 21, the value of one Bitcoin in the Philippines briefly hit a historic high of 4.18 million pesos (PHP), breaking the mid-March high.
