Bitcoin reaches or approaches record highs against these 5 fiat currencies

Bitcoin (BTC) is surging to new record highs against fiat currencies, and its next target could be the British pound (GBP). Data from Cointelegraph Markets Pro and TradingView indicates that BTC is approaching a new all-time high against the pound. The previous record of just under $51,000 on Coinbase, set in early November 2021, is close to being retested. The pound is facing numerous challenges, including inflation, a stagnant stock market, and a real estate crisis, which has led to the country’s economy falling into recession. The pound’s weakness against the dollar is also a concern, with GBP/USD trading at historically low levels. The UK’s cryptocurrency policy has focused on regulating exchanges and eliminating user anonymity. Meanwhile, Bitcoin is also reaching all-time highs against the Turkish lira (TRY) and the Japanese yen (JPY), with the JPY already trading at nearly 8 million yen per Bitcoin. This article is for informational purposes only and does not provide investment advice. Readers should conduct their own research before making any investment decisions.