Recently, the cryptocurrency market has welcomed a remarkable strong rebound. According to SoSoValue data, on May 9th, ETH saw a daily increase of up to 22%, with prices breaking through $2,300. BTC also performed impressively, not only returning to the $100,000 mark but also briefly surpassing $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 exhibited 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%. Subfields like NFT and DeFi also performed strongly. ​

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