Bitcoin Hits Record Highs Against Local Currencies in Asia and South America with 7% Daily Surge

Bitcoin has achieved all-time highs against local currencies in several countries across Asia and South America, following a significant 7% surge in its price.

On May 21, Bitcoin reached an intraday and six-week high of $71,650, marking a gain of over 7% within a 24-hour period.

According to CoinGecko, this puts the asset within a 3.4% range of its all-time high in USD terms, recorded on March 14, at $73,738.

Bitcoin Sets New Highs Against Various Fiat Currencies

The surge in Bitcoin’s price has resulted in new record highs against various fiat currencies.

In Japan, BTC hit an all-time high of 11.2 million yen during early trading on May 21.

This marks the first time that the asset has surpassed the 11 million JPY threshold.

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