Bitcoin hits new all-time high above US$ 116,000

Bitcoin continued its rally to hit yet another high over the past 24 hours.

According to U.S.-based crypto exchange Coinbase Bitcoin hit 1-hundred-16-thousand-4-hundred-74 dollars at 5:40 PM on Thursday U.S. Eastern Time.

Pundits are linking the recent rally to steady capital inflows into Exchange-Traded Funds and the growing presence of companies adopting cryptocurrency as an asset.