Bitcoin rallied past $116,000 on Thursday, recovering from a pull-back earlier in the week that had taken the largest cryptocurrency to roughly $113,000. The 2.5% advance over the last 24 hours outpaced the broader digital-asset market and lifted Bitcoin to within about 6% of its mid-July record high. Gains extended across major tokens. Ether added more than 3% to trade above $3,800, while Solana climbed past $173. The rebound followed renewed demand for Ethereum-linked exchange-traded funds, which attracted about $73 million of net inflows on Tuesday, according to Farside Investors. Bitcoin ETFs posted a smaller $196 million day of redemptions, easing from the heavier withdrawals seen late last week. Analysts said the latest swing underscores the heightened volatility typical of crypto bull markets. “When prices run up to all-time highs, traders add leverage and short-term corrections follow,” Ryan Rasmussen, head of research at Bitwise Asset Management, told Decrypt. He added that the firm remains constructive on a multi-year uptrend for digital assets despite episodic sell-offs.