Bitcoin
Bitcoin (BTC)
$68,764.00 -0.50945
Bitcoin price
Ethereum
Ethereum (ETH)
$3,844.07 2.70129
Ethereum price
BNB
BNB (BNB)
$600.85 -0.19256
BNB price
Solana
Solana (SOL)
$161.92 -2.97374
Solana price
XRP
XRP (XRP)
$0.5300850 -1.5473
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000244 -1.87775
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000159 4.59379
Pepe price
Bonk
Bonk (BONK)
$0.0000344 -3.03194
Bonk price
Bitcoin
Bitcoin (BTC)
$68,764.00 -0.50945
Bitcoin price
Ethereum
Ethereum (ETH)
$3,844.07 2.70129
Ethereum price
BNB
BNB (BNB)
$600.85 -0.19256
BNB price
Solana
Solana (SOL)
$161.92 -2.97374
Solana price
XRP
XRP (XRP)
$0.5300850 -1.5473
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000244 -1.87775
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000159 4.59379
Pepe price
Bonk
Bonk (BONK)
$0.0000344 -3.03194
Bonk price
Bitcoin
Bitcoin (BTC)
$68,764.00 -0.50945
Bitcoin price
Ethereum
Ethereum (ETH)
$3,844.07 2.70129
Ethereum price
BNB
BNB (BNB)
$600.85 -0.19256
BNB price
Solana
Solana (SOL)
$161.92 -2.97374
Solana price
XRP
XRP (XRP)
$0.5300850 -1.5473
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000244 -1.87775
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000159 4.59379
Pepe price
Bonk
Bonk (BONK)
$0.0000344 -3.03194
Bonk price
Bitcoin
Bitcoin (BTC)
$68,764.00 -0.50945
Bitcoin price
Ethereum
Ethereum (ETH)
$3,844.07 2.70129
Ethereum price
BNB
BNB (BNB)
$600.85 -0.19256
BNB price
Solana
Solana (SOL)
$161.92 -2.97374
Solana price
XRP
XRP (XRP)
$0.5300850 -1.5473
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000244 -1.87775
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000159 4.59379
Pepe price
Bonk
Bonk (BONK)
$0.0000344 -3.03194
Bonk price
SirWin
SirWin
SirWin

Japanese yen goes to zero against Bitcoin 

japanese-yen-goes-to-zero-against-bitcoin
Edited by
News
Japanese yen goes to zero against Bitcoin 

Yen, the third-most traded fiat currency in foreign exchange markets, has fallen flat against Bitcoin. 

The Japanese yen crashed to a 34-year low as authorities struggled to stem hyperinflation in the economy. According to Bloomberg, Japan’s sovereign fiat money suffers mainly due to a difference between local interest rates and U.S. Federal Reserve rates. 

While the Japanese government navigates this conundrum, Bitcoin (BTC) has outstaged the yen in direct monetary value. On April 25, Google Finance showed that one Japanese yen equaled zero BTC. 

Bitcoin yen
Japanese yen against BTC chart | Source: Google Finance

In February, BTC rallied against several fiat currencies and achieved all-time highs in some 14 countries as the industry buoyed off euphoria from the newly approved spot BTC ETFs.

Crypto community reacts to Bitcoin-yen 

Following the news, much of the sentiment on social media praised Bitcoin as “sound money” and innovation capable of fostering financial freedom from the global traditional economic bubble. 

Users reiterated what BTC maxi Michael Saylor describes as “Bitcoin’s superior design,” a nod to Satoshi Nakamoto’s system that ensured that only 21 million BTC would exist. 

It is impossible to exceed this cap as it is hard-coded into BTC’s blockchain. A halving ensures that inflation is controlled by reducing the number of new tokens in circulation. The halving occurred last week, with Bitwise CIO Mat Hougan opining that the event would largely benefit BTC’s market value in the long term.