Recently, the cryptocurrency market has experienced a remarkable strong rebound. According to SoSoValue data, on May 9th, ETH's daily increase reached as high as 22%, with the price breaking through $2300. BTC also performed impressively, not only returning to the $100,000 threshold but also temporarily breaking through $104,000, with a market capitalization exceeding $2 trillion, surpassing Amazon, ranking fifth in global asset market value.

In addition to mainstream cryptocurrencies, various sub-sectors also showed a general upward trend. Multiple sectors such as 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's increase reached an astonishing 47.81%. NFT and DeFi sub-sectors also performed strongly.

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