Bitcoin extended its rebound on Wednesday, rising more than 5% to about $109,000 and erasing a brief slide below $106,000 earlier in the week. The move put the world’s largest digital asset within striking distance of its all-time high near $110,000, adding to a run of gains that began overnight in Asia trading. The rally rippled across the wider market. Ether climbed past $2,600 for the first time since May, while ETHA—an exchange-traded fund that tracks the token—surged roughly 58% on heavy volume. Traders also pointed to strong interest around the debut of a Solana staking ETF as helping to lift sentiment across cryptocurrencies.