As of May 10, 2025, the cryptocurrency market has indeed seen a significant rebound. Bitcoin broke through the $100,000 mark on May 8, marking the first time since February this year. Subsequently, Bitcoin further rose on May 9, peaking at $104,300, an increase of nearly 5%. Ethereum also performed strongly, surging 27%. The main driving factors behind this rebound include the easing of global trade tensions, which has boosted risk assets such as cryptocurrencies. Additionally, market expectations for a US-UK trade agreement and technical rebounds have also fueled market optimism. Bitcoin's dominance currently stands at around 52%, although pressure from other cryptocurrencies is increasing. Standard Chartered analysts even predict that Bitcoin could reach an all-time high of about $120,000 in the second quarter of 2025. Overall, the rebound in the cryptocurrency market is the result of multiple factors working together, including the macroeconomic environment, geopolitical events, and technical factors.