As of May 10, 2025, the cryptocurrency market has indeed seen a significant rebound. Bitcoin broke through the $100,000 mark on May 8, the first time since February this year. Subsequently, Bitcoin further rose on May 9, reaching a peak of $104,300, an increase of nearly 5%. Ethereum also performed strongly, soaring 27%. The main driving factors behind this rebound include the easing of global trade tensions, which has boosted risk assets such as cryptocurrencies. In addition, market expectations for a US-UK trade agreement and a technical rebound have also contributed to market optimism. Bitcoin's dominance is currently around 52%, although pressure from other cryptocurrencies is increasing. Standard Chartered analysts even predict that Bitcoin could hit an all-time high of around $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.