The cryptocurrency market is rebounding from its recent downturn, with BTC leading the charge as the predominant token. Currently nearing the $41,000 mark, BTC's resurgence is accompanied by gains in other tokens like LUNC (Luna Classic) and PEPE. These upticks can be attributed to several factors, including the approval of Spot Bitcoin ETF applications and the upcoming Bitcoin halving in mid-2024.

Moreover, the industry appears to be recovering from the FTX scandal, which saw the downfall of Sam Bankman-Fried. Now, the crypto sphere is poised to deliver favorable outcomes for its stakeholders, as evidenced by a growing number of long-term holders accumulating tokens in anticipation of reaching all-time highs. It's conceivable that cryptocurrencies could surpass their previous peaks by the end of 2024.

BTC is currently trading at $41,679.76, marking a significant 5.85% increase in the last 24 hours. This uptrend is further bolstered by positive developments such as the Commission's approval of applications, as well as rising Market Cap and 24-hour volume, which have increased by 5.76% and 68.28%, respectively.

Meanwhile, PEPE is showing promise despite its current value of $0.000000000244, with an 8.13% increase in the last 24 hours. Although experiencing a decline of 11.09% in the last 7 days, PEPE's price prediction suggests potential growth, with estimates indicating a possible value of $0.0000023 by the end of 2023 and $0.0000032 by the end of 2024.

Terra Classic and LUNC are also experiencing significant gains, with Terra Classic showing a remarkable 61.64% increase in the last 24 hours and LUNC experiencing similar bullish trends in both market cap and 24-hour volume, with rises of 63.96% and 230.98%, respectively.

Overall, BTC, PEPE, and LUNC are demonstrating positive momentum in recent times, with PEPE showing promising potential alongside the accelerated growth of other tokens like BTC and LUNC.