Bitcoin Hits $110K in January, Hints at $20B TRX ‘Altseason’ – Finance Redefined

Bitcoin surpassed $100,000 for the first time in history on December 5, raising expectations of a $110,000 “local high” ahead of US President Donald Trump's inauguration on January 20.

Concerns are returning among altcoin investors as Tron (TRX) moves past a record $20 billion market capitalization as some of the profits from Bitcoin (BTC) investors are expected to flow into smaller cryptocurrencies.

Bitcoin Equity Index Points to $110,000 Domestic BTC Peak in January 2025

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

Based on its correlation with the Global Macro Investor Aggregate Liquidity Index, which provides an overview of all major central bank balance sheets, Bitcoin's price could rise above $110,000 before the end of January.

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

“There have been a lot of simulations going around the wrong way on this chart. Here's an updated original from our Global Macro Investor work.

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TRX Hits $20 Billion Record for December, Flashing “Altseason” Sign

TRX surpassed a record market capitalization of $20 billion, reflecting another bullish sign for altcoins heading into 2025.

As of December 3rd at 10:20 am UTC, the token has surged more than 13% in the 24-hour period, with Tron's price hitting a new all-time high of $0.23.

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

TRX's new all-time high follows Tron founder Justin Sun, who became the largest investor in Donald Trump's crypto project after investing $30 million in World Freedom Financial (WLFI) tokens on November 25.

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Curve Finance's monthly revenue has increased by more than 20% on the rise of DeFi.

Decentralized currency Curve Finance has closed nearly $37 million in annual revenue over the past 30 days, according to data from Token Terminal.

This is up nearly 23% from the month before and is “supported by increased financial demand and the effect of the new savings bank and the introduction of the srvUSD token,” Curve told Cointelegraph on December 3rd.

“This development is consistent with broad optimism in the market following the recent US election,” a Curve spokesperson said in a statement.

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Vitalik Buterin urges Web3 wallets to improve security, privacy

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

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

It also offers ways to simplify transfers between Ethereum's layer-2 (L2) measurement networks, such as Optimism and Arbitrum.

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Tezos launched the world's first uranium marketplace on the blockchain

Thanks to a new platform built on the Tezos blockchain, the global uranium trade may soon embrace blockchain technology.

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

The platform will launch in partnership with Curzon Uranium, a uranium trading company with over $1 billion in assets, and Archax, the UK's first listed cryptocurrency exchange, according to an announcement made exclusively to Cointelegraph.

Tezos founder Arthur Breitman highlighted the platform's potential to transform uranium trading by promoting transparency and accessibility through blockchain.

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Overview of the DeFi market

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

Out of the top 100, Curve DAO Token (CRV) was the week's biggest gainer, up nearly 120%, followed by the Hedera (HBAR) token, which surged over 81% last week.

Thanks for reading this week's roundup of the most impactful DeFi developments. Join us next Friday for more stories, insights and lessons about this dynamic and evolving space.