Bitcoin to top $110K by Jan, $20B TRX hints at ‘altseason’ — Finance Redefined

Bitcoin surpassed $100,000 for the first time in history on Dec. 5, boosting expectations of a $110,000 “local top” before United States President-elect Donald Trump takes office on Jan. 20.

Risk appetite is also returning among altcoin investors after Tron ( TRX) surpassed a record $20 billion market capitalization, bolstering expectations of a forthcoming altcoin season, as some of the profits from Bitcoin ( BTC) investors are expected to flow into smaller cryptocurrencies.

Bitcoin liquidity index points to $110,000 local BTC top by January 2025

Bitcoin has entered the “parabolic phase” of the market cycle, as analysts point at a local top of above $110,000 before the end of January.

Bitcoin’s price could rise above $110,000 before the end of January based on its correlation with the Global Macro Investor’s Total Liquidity Index, which offers an aggregate view of all major central bank balance sheets.

The $110,000 price tag is just a “local top” for the current Bitcoin cycle, wrote Raoul Pal, founder and CEO of Global Macro Investor, in a Nov. 29 X post :

“There have been a lot of imitations of this chart going around with the wrong phasing. Here is the updated original from our work at Global Macro Investor.”

GMI Total Liquidity Index, Bitcoin (RHS). Source: Raoul Pal

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TRX hits $20 billion record high, flashing “altseason” signal for December

TRX has surpassed a record $20 billion market capitalization, flashing another bullish signal for altcoins leading into 2025.

The Tron price hit a new all-time high of $0.23 after the token rose over 13% in the 24 hours leading up to 10:20 am UTC on Dec. 3, Cointelegraph data shows.

TRX/USD, 1-day chart. Source: Cointelegraph

TRX is up 42% on the monthly chart and over 101% year-to-date (YTD).

TRX’s new all-time high followed Tron founder Justin Sun, revealing he had become the largest investor in Donald Trump’s crypto project after investing $30 million in World Liberty Financial (WLFI) tokens on Nov. 25.

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Curve Finance monthly revenues up more than 20% on DeFi surge

Decentralized exchange Curve Finance has clocked annualized revenues of nearly $37 million during the past 30 days, according to data from Token Terminal.

That’s up nearly 23% from the month prior and a result of “increased demand for leveraged financing and the introduction of the new Savings vault and the scrvUSD token,” Curve told Cointelegraph on Dec. 3.

“This growth aligns with the broader optimism in the market following the recent US elections,” a Curve spokesperson said in a statement.

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Vitalik Buterin urges Web3 wallets to improve security, privacy

Ethereum co-founder Vitalik Buterin urged Web3 wallet developers to implement features improving privacy and security in a Dec. 3 blog post.

“[A] user only benefits from any decentralization, censorship resistance, security, privacy, or other properties that Ethereum and its applications offer to the extent that the wallet itself also has these properties,” Buterin said in the blog post.

He also proposed ways to ease transfers among Ethereum’s layer-2 (L2) scaling networks, such as Optimism and Arbitrum.

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Tezos launches world’s first Uranium marketplace on blockchain

The global uranium trade could soon adopt blockchain technology, thanks to a new platform built on the Tezos blockchain.

Uranium.io the world’s first blockchain-based decentralized application for uranium trading, aims to lower the barriers to entry for investors.

The platform will launch in partnership with Curzon Uranium, a leading uranium trading company that has traded more than $1 billion worth of the asset, and Archax, the first registered cryptocurrency exchange in the United Kingdom, according to an announcement shared exclusively with Cointelegraph.

Arthur Breitman, co-founder of Tezos, highlighted the platform’s potential to revolutionize uranium trading by introducing transparency and accessibility through blockchain.

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DeFi market overview

According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.

Of the top 100, the Curve DAO Token ( CRV ) rose nearly 120% as the week’s biggest gainer, followed by the Hedera ( HBAR ) token, up over 81% during the past week.

Total value locked in DeFi. Source: DefiLlama

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.