As of April 24, 2025, the cryptocurrency market has indeed seen a significant rebound. Bitcoin’s price has broken through the $90,000 mark, reaching a peak of $94,100 per coin, a new high in a month. This rebound is primarily driven by several factors:

1. Improved market sentiment: U.S. President Trump announced widespread tariffs on geopolitical allies and adversaries, triggering a sell-off of risk assets, but market sentiment has since improved, with Bitcoin rebounding nearly 23% from its low on April 7.

2. Renewed investor interest: The recovery of the cryptocurrency market is mainly attributed to the rekindled interest of investors and changes in market dynamics. For example, MicroStrategy’s Bitcoin holdings have reached a floating profit of $13.5 billion, showing institutional investors' confidence in Bitcoin.

3. Macroeconomic factors: Global economic uncertainties, such as the Federal Reserve's monetary policy and inflation data, have also impacted the cryptocurrency market. Although the Federal Reserve's interest rate cut expectations for 2025 are relatively mild, the market remains highly attentive to inflation and employment data.

4. Technical upgrades and market dynamics: Other cryptocurrencies like Ethereum have also experienced price rebounds, with a resurgence in market dominance. Additionally, the Ethereum mainnet is set to execute the Pectra upgrade on May 7, which may further boost market sentiment.

5. Altcoin performance: XRP’s fully diluted market cap has surpassed ETH, marking a potential shift in the leadership of altcoins. This change also reflects the market's evolving interest and investment strategies regarding different cryptocurrencies.

Overall, the rebound of the cryptocurrency market is the result of multiple factors working together, including improved market sentiment, renewed investor interest, macroeconomic factors, and technical upgrades.