SINGAPORE, February 9 (Reuters). Cryptocurrencies expanded their profits in Asia on Tuesday. Bitcoin and Ethereum hit record highs after Tesla Inc invested in Bitcoin.

Bitcoin saw its largest daily percentage gain overnight in more than three years after Tesla announced it in its 2020 annual report.

Bitcoin surged up to 2.5% to hit a record high of $ 47,565.86 on Tuesday, and is up 61% year-to-date. Ethereum hit a record $ 1,784. (Reporting by Tom Westbrook in Singapore and Stanley White in Tokyo; editing by Himani Sarkar)

Subscribe to something As good as new newsletter

* * Please enter a valid email address

* * Thank you for subscribing to our newsletter.