NEW YORK/SYDNEY : Bitcoin and ether hit record peaks on Tuesday, with enthusiasm for cryptocurrency adoption and worry about inflation driving momentum and flows into the asset class.Though both virtual currencies pulled back from their highs in the U.S.
session, their trajectory was clearly headed higher.Bitcoin rose as high as US$68,564.40 and was last down 0.1per cent at US$67,325 while ether, the second-biggest cryptocurrency by market value, earlier hit US$4,842.65 before trading down 0.7per cent at US$4,774.Both have more than doubled since June and added nearly 70per cent against the dollar since the start of October."This move is a culmination of months of net outflows from exchanges and coming off the market, coupled with