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Bitcoin News Roundup for May 7, 2020
BTC could hit $10K while mining ramps up. This is CoinDesk's Markets Daily podcast.
Updated Dec 11, 2022, 7:33 p.m. Published May 7, 2020, 4:00 p.m.
BTC could hit $10K while mining ramps up. This is CoinDesk's Markets Daily podcast.
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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
Today's stories:
Bitcoin Outperforming Gold and Stocks so Far This Month
Bitcoin Node Count Falls to 3-Year Low Despite Price Surge
Bitcoin Revenue in Square's Cash App Tops Fiat Revenue for First Time in Q1
Stellar Invests $5M in Abra Ahead of Blockchain Integration
Isolated From The Coronavirus -- And The Rest Of The World -- On An Arctic Expedition | 90.1 FM WABE
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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- 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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Bitcoin drifts lower as $81.3k emerges as the market’s key fault line: Asia Morning Briefing
With large caps still tracking bitcoin and high-beta assets already weakened, Glassnode’s True Market Mean has become the line investors are watching most closely.
What to know:
- Bitcoin's True Market Mean at $81.3k is a critical level, with potential market-wide implications if breached.
- Large-cap crypto assets remain closely correlated with bitcoin, reinforcing its role as the market's anchor.
- Gold prices have surged to record highs, driven by central bank buying and geopolitical risks, with forecasts suggesting further increases.
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