Recently, the cryptocurrency market has witnessed a remarkable strong rebound. According to SoSoValue data, on May 9, ETH surged by as much as 22% in a single day, breaking the $2300 mark. BTC also performed impressively, not only returning to the $100,000 threshold but also briefly surpassing $104,000, with a market capitalization exceeding $2 trillion, surpassing Amazon and ranking fifth in global asset market value.

In addition to mainstream cryptocurrencies, various sub-sectors also showed a general upward trend. Multiple sectors, including DEFI.ssi and MEME.ssi, saw increases of over 15%. In the meme concept, TRUMP and PEPE surged by 22.97% and 31.38%, respectively; in the AI concept, VIRTUAL saw an astonishing increase of 47.81%. The NFT and DeFi subfields also performed strongly.

Behind this round of rebound, macroeconomic policies played an important role. The Federal Reserve maintained interest rates, increasing market expectations for future rate cuts, which drove up prices of risk assets. At the same time, institutional investors actively entered the market; over the past three weeks, Bitcoin-related ETFs attracted about $5.3 billion in inflows, greatly boosting market confidence. Additionally, the United States and the United Kingdom reached a new trade agreement, easing trade tensions and enhancing investors' risk appetite, injecting momentum into the cryptocurrency market rebound.