Bitcoin rallies with DeFi as Zcash tops weekly performance

The digital asset market has recovered significantly following a slump at the end of September, driven by renewed investor interest in safe-haven assets amid economic uncertainty. Bitcoin has notably surpassed the $120,000 mark for the first time since August, prompting predictions from experts like Charles Edwards of Capriole Investments that it could reach $150,000 by the end of 2025. The European Central Bank's anticipated money printing due to France's financial deficit may inject further liquidity into Bitcoin. Zcash has emerged as the week's top performer, soaring over 157%. ARK Invest's Cathie Wood compared the potential of Hyperliquid to Solana, asserting its promise as a growing player in DeFi. In related news, Tornado Cash co-founder Roman Storm is seeking acquittal on charges of unlicensed money transmission, arguing that prosecutors failed to prove any intent to aid illicit activities. Lastly, discussions at TOKEN 2049 suggest centralized exchanges may transition to DeFi frontends within the next decade, reflecting a broader movement towards decentralized financial solutions.

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