Bitcoin was last up about 3% at $65,121 and ether , which underpins the ethereum network, sat at a record top of $4,711.
Falling real yields, as traders brace for inflation, adds to the attractiveness of assets such as gold and cryptocurrencies which do not pay a coupon, said Kyle Rodda, analyst at broker IG Markets, adding that the mood in the sector has also been good. In recent weeks Australia's biggest bank has said it will offer crypto trading to retail customers, Singaporean authorities have sounded positive on the asset class and spillover from a positive mood in stocks has also leant support.
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