Bitcoin rallies with DeFi as Zcash tops weekly performance

The digital asset market showed significant recovery in the past week after a slump at the end of September, with growing investor interest fueled by a shift towards safe-haven assets. Bitcoin surpassed the $120,000 mark for the first time since mid-August, and predictions of it reaching $150,000 by year-end have surfaced, notably from Charles Edwards of Capriole Investments. Meanwhile, Zcash emerged as the week's biggest gainer, surging over 157%. In regulatory news, Roman Storm from Tornado Cash is seeking acquittal on money transmission charges, claiming prosecutors did not prove intent to assist bad actors. Additionally, ARK Invest's Cathie Wood praised Hyperliquid as a potential emerging leader in DeFi, and 1inch’s co-founder suggested that centralized exchanges could evolve into decentralized finance frontends over the next decade. Overall, the week has been marked by increasing DeFi developments amidst favorable market conditions.

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