The rebound of the cryptocurrency market in #加密市场反弹 is mainly due to the following reasons: first, the shift in regulatory policies; the adjustment of U.S. regulatory policies has brought new opportunities to the cryptocurrency market. The support of policies during the early administration of the Trump government has increased the participation of institutional investors. At the same time, the U.S. Commodity Futures Trading Commission's withdrawal of two stringent regulatory documents is seen as a key step towards mainstream regulation.