Cryptocurrency market capitalisation surpassed $1 trillion for the first time since early November.
On January 14, Bitcoin rose to almost $21,000 on hopes that inflation had peaked and bottomed.
The value of the most prominent cryptocurrency rose by up to 7.5%, reaching $21,299 at its peak.
January 14 was its 11th consecutive day of growth since November 8.
Ether, the second-largest cryptocurrency, surged 9.7%, while Cardano and Dogecoin also rose.
Bitcoin has been stuck between $16,000 and $17,000 for weeks before this breakout.
Cryptocurrency short liquidations have exceeded $100 million in five of the last six days, according to Coinglass.