TechFlow news, according to Cointelegraph, citing CoinMarketCap data, BTC hit a record high of 11.2 million yen in early trading on May 21 in Japan. The local currency has been weakening against the U.S. dollar over recent months, down 10% against the dollar since the beginning of the year.
On May 21, Bitcoin also reached a peak in Argentina, hitting 63.8 million Argentine pesos (ARS), slightly above its mid-March peak. This South American country has struggled over the past few years with inflation currently at 290% and ongoing currency depreciation.
Likewise, on May 21, the value of one Bitcoin in the Philippines briefly reached an all-time high of 4.18 million Philippine pesos (PHP), surpassing its mid-March high point.
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