As of May 8, 2025, the cryptocurrency market has experienced a strong rebound, with Bitcoin (BTC) breaking through the $100,000 mark, reaching a new high since February, with an intraday increase of about 2.0%. Ethereum (ETH) has also surged significantly, with an intraday increase of over 13%, demonstrating a strong demand for risk assets in the market.

This market rebound is primarily driven by multiple factors. First, the United States and the United Kingdom have reached a new trade agreement, alleviating global trade tensions and boosting market sentiment. Second, the friendly attitude of the Trump administration towards cryptocurrencies, along with measures approved by various U.S. states such as Arizona and New Hampshire to establish Bitcoin reserves, has further strengthened investors' confidence in the crypto market.