Bitcoin rose above $118,000 on Friday, extending the token's record-setting rally into its third day.

Bitcoin continues to smash all-time high records, as the leading cryptocurrency broke $113,000 on Thursday, according to data from Binance. After flirting with a new high on Wednesday, topping $112,000 according to some exchanges,

Bitcoin has reached an all-time high, surpassing $118,000 as a flood of money moves into spot bitcoin ETFs, which have opened up cryptocurrency investing to millions. A soft U.S. dollar and the digital currency friendliness of President Donald Trump's administration has also helped to push the price of bitcoin to unprecedented levels recently.