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The Bitcoin rate set new highs in trading pairs with national currencies of 14 countries

Market and Events: The Bitcoin rate set new highs in trading pairs with national currencies of 14 countries

According to analyst Lark Davis, the value of bitcoin has risen significantly against fiat currencies, reaching milestones in 14 countries around the world.

The cryptocurrency reached record highs in #Japan, #Argentina, Laos, Congo, Ghana, #Turkey, Burundi, Sudan, Lebanon, Malawi, Egypt, Pakistan, Sierra Leone and Nigeria.

Experts attribute this trend to rising #inflationary pressures and political turmoil. Most countries are struggling with #inflation, which is causing their currencies to depreciate.

On February 12, 2024, the value of bitcoin reached a new high against the Argentine peso. Notably, Turkey and Nigeria recorded historic highs in October.

According to CoinGecko, in addition to the aforementioned countries, bitcoin also rose sharply against the Norwegian krone (NOR), surpassing NOR 600,000. By February 28, bitcoin had crossed $58,000 and $59,000.

Currently, bitcoin continues its rise and is at $62,600 as of this writing

The Bitcoin rate set new highs in trading pairs with national currencies of 14 countries
BTC/ USDT exchange rate . Data: TradingView.

Peter Brandt, CEO of Factor LLC and trader, predicted that the value of bitcoin will soar to $200,000 and that this milestone will be reached by August or September 2025.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
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