Bitcoin Surges to All-Time Highs in Asia and South America, Nears US Dollar Peak

Bitcoin reached all-time highs in various Asian and South American countries after a 7% surge, bringing it closer to its peak in U.S. dollars. On May 21, Bitcoin’s price hit an intraday and six-week high of $71,650, up over 7% in 24 hours. According to CoinGecko, Bitcoin is now just 3.4% below its March 14 all-time high of $73,738 in U.S. dollar terms. However, Bitcoin reached new peaks against several other fiat currencies. In Japan, Bitcoin hit an all-time high of 11.2 million yen on May 21, marking the first time it surpassed 11 million yen. The yen has weakened