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Crypto News Roundup for Feb. 5, 2020

With the price of bitcoin headed back towards recent highs, Markets Daily is back with another crypto news roundup.

Updated Dec 6, 2022, 6:28 p.m. Published Feb 5, 2020, 5:00 p.m.
markets daily adam john

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Today's news:

Bitcoin Sees Bull Revival as Price Bounces Above $9.4K

Galaxy's Novogratz: XRP Will 'Underperform Immensely Again This Year'

Ethereum Incubator ConsenSys Slashes Headcount 14% in Latest Strategic Shift

Iowa Caucus App Fiasco Shows Need for Open Source Transparency

LISTEN: What Sex Workers Want From Crypto

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Protocol Research: GoPlus Security

GP Basic Image

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

bart simpson sculpture (mendhak/Wikimedia Commons, modified by CoinDesk)

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.