Bitcoin (CRYPTO: BTC) has broken past the $1 trillion market capitalization mark.

The digital asset hit new all-time highs in several currencies, such as the New Zealand dollar, Russian ruble and Norwegian krone.

After touching a peak in currencies like the Japanese Yen in mid-February, Bitcoin's rally to $57,000 has pushed the so-called crypto king to its all-time high levels in many other currencies and very close to some others.

Bitcoin in New Zealand dollar (BTC/NZD) is currently trading at NZ$92,6890.26, surpassing its previous all-time high of NZ$91,365.18 NZD set in November 2021.

The Russian ruble (BTC/RUB) peak of RUB5.2 million in March 2022 was also eclipsed:

The Norwegian krone (BTC/NOK) also notes a new all-time high, surpassing the NOK559.436.36 set in November 2021.

Also Read: 'Simple But Very Shocking' – El Salvador's Pro-Bitcoin President Thinks He Knows Why US Collects Taxes Despite Ability To 'Print Unlimited Amounts Of Money Out Of Thin Air'

Why It Matters: Bitcoin is poised to set new all-time highs in other major and minor currencies as well. According to Tradingview data, the major ones are:

• 18% off its all-time high in U.S. dollars (USD).
• 13% in British pounds (GBP).
• 12.5% in Euro (EUR).
• 8.5% in Australian dollar (AUD).

The difference in currencies can be attributed to their depreciation against the greenback and will likely be seen as a testament to Bitcoin's "hard money" qualities by supporters.

With the crypto king setting all-time highs in several fiat currencies, the remaining major currencies may seem a question of "when, not if."

Read Next: Jim Cramer Weighs In As Bitcoin Vaults Over $1 Trillion Market Cap: 'Next To The Trillion Dollar Level?'

Image: Midjourney