The crypto market is recovering, up by a total of 6.34% over the last 24 hours to a total market cap of $3.53 trillion. With this, investors are anticipating another bull run, and with the total market growing at a higher rate than Bitcoin, we might be in for an altcoin season.

The meme coin market responded to this swiftly, with all the top tokens growing and the market’s cap pushing past $100 billion again. With the market potentially edging towards another rally, meme coin ICOs are seeing significant interest, with Wall Street Pepe (WEPE) on route to become one of the fastest-growing presales of 2024.

Market Recovers as Bitcoin Trends Back Toward $100K

With Bitcoin back up to $97,434.68 per token, and heading back to $100,000, the overall crypto market is recovering from this week’s dip. Part of this recovery stems from regular market movements, however, real-world events are also impacting token prices.

For one, the Trump administration is drawing closer, and many experts are bullish on what could happen to the market once the pro-crypto president is in office. Altcoin enthusiasts are especially excited, as Elon Musk – one of Dogecoin’s biggest supporters, is going to be part of the new administration.

The current anti-crypto chair of the SEC, Gary Gensler, is also set to be replaced by the administration. This could give crypto more legislative leeway, translating into higher valuations.

Analysts like Crypto Rover are extremely bullish in the near-term. Historically, Bitcoin has made big gains after the Christmas season, especially during halving years. This, in turn, would lead to the rest of the market pumping.

The biggest #Bitcoin gains occur right after Christmas during halving years.

You’re almost there.

Don’t give up now. pic.twitter.com/43LzJ09LSp

— Crypto Rover (@rovercrc) December 20, 2024

As always, the bigges