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Bitcoin News Roundup for Feb. 21, 2020
With the price of bitcoin bouncing in a range below $10,000, Markets Daily is back with another time saving crypto news roundup.
By John Biggs
Updated Dec 6, 2022, 6:28 p.m. Published Feb 21, 2020, 5:00 p.m.
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Today's news:
Bitcoin Chart Indicator Flips Bearish as Price Sees Weak Bounce From $9.4K
Insolvent Exchange FCoin Had Bitcoin Outflow Problems Just Two Months After Launch: Report
Riot Blockchain Plans Sale of Crypto Exchange as It Invests More Millions in Bitcoin Mining
Morgan Stanley Buys E*Trade in $13B Deal
Fidelity International Invests $14M in Hong Kong Crypto Exchange Operator
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Traders mull the bottom as bitcoin returns to week's lows below $86,000
One analyst isn't quite ready to call a bottom, but says bitcoin is surely in an oversold condition.
What to know:
- Bitcoin's early rally Wednesday seems a faint memory as the price has returned to the week's lows.
- Precious metals continue to get bid, with silver rushing to yet another new record and gold closing in on an all-time high.
- One analyst cautioned against reading too much into the current bitcoin price action due to year-end positioning and tax considerations.
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