#MarketRebound

The crypto market is indeed experiencing a rebound, with Bitcoin breaking above $90,000 and reaching a two-month high of $94,500. This surge is attributed to several factors;

- *Easing US-China Trade Tensions*: Comments from US President Donald Trump suggesting reduced tariffs have boosted investor confidence.

- *Federal Reserve Stability*: Trump's assurance that he won't fire Federal Reserve Chair Jerome Powell has alleviated concerns about central bank autonomy.

- *Crypto-Friendly SEC Head*: The appointment of Paul Atkins, a crypto-friendly SEC head, has also contributed to the rally.

- *Strong US Equity Market Performance*: The S&P 500 and Nasdaq have gained over 2%, with broad-based advances across nearly all sectors.

Other key cryptocurrencies have also seen significant gains:

- *Ethereum*: Surged 10% to break above $1,700, currently priced at $1,783.

- *Dogecoin*: Jumped 11% to trade above 18 cents.

- *XRP*: Rose 7% to $2.25.

- *Solana*: Increased 8% to test $151.

The total cryptocurrency market capitalization has grown by approximately 6.7% in the last 24 hours, reaching $2.95 trillion. Analysts predict potential targets of $100,000 for Bitcoin, with some forecasts reaching as high as $137,000 to $1 million by 2025 or 2030.