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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 (<a data-ct-non-breakable="null" href="https://cointelegraph.com/tron-price-index" rel="noopener noreferrer nofollow" target="null" text="null" title="null">TRX)</a> surpassed a record $20 billion market capitalization, bolstering expectations of a forthcoming altcoin season, as some of the profits from Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="null" text="null" title="null">BTC)</a> investors are expected to flow into smaller cryptocurrencies.
<h2 id="bitcoin-liquidity-index-points-to-110-000-local-btc-top-by-january-2025">Bitcoin liquidity index points to $110,000 local BTC top by January 2025</h2>
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 <a data-ct-non-breakable="null" href="https://x.com/RaoulGMI/status/1862521182446109032/photo/1" rel="noopener noreferrer nofollow" target="null" text="null" title="null">post</a>:
<blockquote>
 “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.”
</blockquote>
<figure><img alt="Bitcoin to top $110K by Jan, $20B TRX hints at ‘altseason’ — Finance Redefined" src="https://s3.cointelegraph.com/uploads/2024-12/01939c03-50bc-7f60-bddc-3d89ce68b2f4" title="">
 <figcaption style="text-align: center;">
 GMI Total Liquidity Index, Bitcoin (RHS). Source: Raoul Pal
 </figcaption>
</figure>
<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-liquidity-index-110k-top-january-2025" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Continue reading</a>
<h2 id="trx-hits-20-billion-record-high-flashing-altseason-signal-for-december">TRX hits $20 billion record high, flashing “altseason” signal for December</h2>
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.
<figure><img alt="Bitcoin to top $110K by Jan, $20B TRX hints at ‘altseason’ — Finance Redefined" src="https://s3.cointelegraph.com/uploads/2024-12/01939c01-d9f6-7198-8a2d-6381b3d2183c" title="">
 <figcaption style="text-align: center;">
 TRX/USD, 1-day chart. Source: Cointelegraph
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</figure>
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 <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/justin-sun-invests-30-million-trump-world-liberty-financial" rel="noopener noreferrer nofollow" target="null" text="null" title="null">investing $30 million</a> in World Liberty Financial (WLFI) tokens on Nov. 25.
<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trx-20-b-record-altseason-signal-december" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Continue reading</a>
<h2 id="curve-finance-monthly-revenues-up-more-than-20-on-defi-surge">Curve Finance monthly revenues up more than 20% on DeFi surge</h2>
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.
<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/curve-finance-monthly-revenues-increase-defi-surge" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Continue reading</a>
<h2 id="vitalik-buterin-urges-web3-wallets-to-improve-security-privacy">Vitalik Buterin urges Web3 wallets to improve security, privacy</h2>
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 <a data-ct-non-breakable="null" href="https://vitalik.eth.limo/general/2024/12/03/wallets.html" rel="noopener noreferrer nofollow" target="null" text="null" title="null">said</a> in the blog post.
He also proposed ways to ease transfers among Ethereum’s layer-2 (L2) scaling networks, such as Optimism and Arbitrum.
<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/vitalik-buterin-web3-wallets-improve-security-privacy" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Continue reading</a>
<h2 id="tezos-launches-world-s-first-uranium-marketplace-on-blockchain">Tezos launches world’s first Uranium marketplace on blockchain</h2>
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 <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/centralized-vs-decentralized-crypto-exchanges" rel="noopener noreferrer nofollow" target="null" text="null" title="null">cryptocurrency exchange</a> 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.
<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tezos-world-first-uranium-marketplace-blockchain" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Continue reading</a>
<h3 id="defi-market-overview">DeFi market overview</h3>
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 (<a data-ct-non-breakable="null" href="https://cointelegraph.com/curve-dao-token-price-index" rel="noopener noreferrer nofollow" target="null" text="null" title="null">CRV</a>) rose nearly 120% as the week’s biggest gainer, followed by the Hedera (<a data-ct-non-breakable="null" href="https://cointelegraph.com/hedera-hbar-price-index" rel="noopener noreferrer nofollow" target="null" text="null" title="null">HBAR</a>) token, up over 81% during the past week.
<figure><img alt="Bitcoin to top $110K by Jan, $20B TRX hints at ‘altseason’ — Finance Redefined" src="https://s3.cointelegraph.com/uploads/2024-12/01939bfe-883b-757f-9d84-ca17b31cac45" title="">
 <figcaption style="text-align: center;">
 Total value locked in DeFi. Source: DefiLlama
 </figcaption>
</figure>
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.

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

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