Bitcoin hits record in Japan, Argentina and Philippines' local currency

For the first time in history, the price of one Bitcoin exceeded 11 million yen in Japan, while prices also peaked in terms of the Argentinean and the Philippines peso.

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Bitcoin (BTC) notched all-time highs in several countries across Asia and South America following a 7% surge on the day — pushing the cryptocurrency ever closer to its United States dollar peak.

Bitcoin prices hit an intraday and six-week high of $71,650 on May 21 following a gain of more than 7% over the past 24 hours.

The asset has returned to within 3.4% of its March 14 all-time high in USD terms of $73,738, according to CoinGecko.

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