As of April 24, 2025, the cryptocurrency market has indeed seen a significant rebound. The price of Bitcoin broke the $90,000 barrier, reaching a high of $94,100 per coin, setting a new monthly high. This rebound is mainly driven by several factors:

1. Improved market sentiment: U.S. President Trump announced broad tariffs on geopolitical allies and rivals, triggering a sell-off of risk assets, but market sentiment subsequently improved, with Bitcoin rebounding nearly 23% from its low on April 7.

2. Renewed investor interest: The recovery of the cryptocurrency market is largely due to the rekindling of investor interest and changes in market dynamics. For example, MicroStrategy's Bitcoin holdings have reached a floating profit of $13.5 billion, demonstrating institutional investors' confidence in Bitcoin.

3. Macroeconomic factors: Global economic uncertainties, such as the Federal Reserve's monetary policy and inflation data, have also impacted the cryptocurrency market. Although the Federal Reserve's expected interest rate cut path for 2025 is relatively moderate, the market's attention to inflation and employment data remains high.

4. Technical upgrades and market dynamics: Other cryptocurrencies like Ethereum have also experienced price rebounds, with a recovery in market dominance. Additionally, the Ethereum mainnet is set to execute the Pectra upgrade on May 7, which may further boost market sentiment.

5. Altcoin performance: XRP's fully diluted market cap has surpassed that of ETH, marking a potential shift in the leadership of altcoins. This change also reflects the market's evolving interest and investment strategies regarding different cryptocurrencies.

Overall, the rebound in the cryptocurrency market is the result of multiple factors working together, including improved market sentiment, renewed investor interest, macroeconomic factors, and technical upgrades.