#MarketRebound

The market rebound refers to a recovery in the financial markets after a decline. Both the stock and cryptocurrency markets have experienced rebounds recently.

*Stock Market Rebound*

- The S&P 500 index rose 0.24% to a new high, driven by gains in large tech stocks.

- The Nasdaq index also saw a significant increase, with a 0.32% rise.

*Cryptocurrency Market Rebound*

- Bitcoin (BTC) surged 2.04% in 24 hours, briefly surpassing $81,000 and later reaching $87,500.

- Ethereum (ETH) also showed signs of a bullish reversal, bouncing off the $2,730-$2,760 support zone and targeting the $2,800 resistance level.

- The AI sector led the cryptocurrency market rebound with a 7.62% increase, followed by other sectors with gains of 1-2%.

*Key Factors Driving the Rebound*

- Improved market sentiment and confidence

- Increased buying activity and trading volume

- Positive momentum indicators and technical signals

*Notable Performances*

- *Altcoins*: AI-related tokens like Bittensor (TAO), Render (RENDER), and Virtuals Protocol (VIRTUAL) saw significant gains, with increases of 8.16%, 8.78%, and 39.50%, respectively.

- *NFT Market*: The NFT market showed signs of recovery, with the Japanese IP Moriusa launching an NFT collection on OpenSea and igniting interest in the overseas community.