Investor interest in the Best Wallet presale keeps rising as the project has now surpassed the $5.6 million threshold on Christmas Eve.

In the past four days alone, this Web3 crypto wallet raised an average of $500,000 daily to hit the current milestone.

Could the Best Wallet ($BEST) presale be one of the top crypto presales to watch in 2025?

Late Buyers Can Take Advantage of the Crypto Market’s Latest Setback

The price of Bitcoin ($BTC) has retraced from its December 17 all-time high of $108,268. In the past 7 days, it has dropped by 6.7% to $98,676, with the price going as low as $94,7000. However, traders agree that this is a natural take-profit move following the significant post-election rally that crypto assets experienced.

The Federal Reserve’s comments and outlook for interest rates and inflation, which were interpreted as hawkish by market participants, also influenced the market’s sentiment as they now expect to cut rates only two times compared to three times they initially planned.

Similarly, altcoins like Ethereum ($ETH), Ripple ($XRP), and Solana ($SOL) have also retreated in the past week by 10%, 8.7%, and 11.7%, respectively.

The crypto market as a whole saw a similar retreat of 6.5% during this same period as meme coins, layer-two protocols, blockchain games, and metaverse tokens, among others, have faced a similar faith.

However, traders are not discouraged by this setback as it provides a window of opportunity for late buyers to participate and further fuel the bullish cycle to a higher stage.

In addition, the so-called Santa Claus rally could positively influence the valuation of crypto assets before year-end.

This is a technical event that typically occurs from Christmas Eve to January 2, when the stock market and digital assets alike experience a boost.

Finally, as Trump gets ready to take office, the market is expecting that he, along with an army of lawmakers who will be entering the U.S. Congress next year, will push forward pro-crypto legislation that favors the sector’s growth.

One of the most immediate measures that Trump is expected to implement involves repla