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Bitcoin News Roundup for June 29, 2020
After a rough weekend, the price of BTC is back above $9,000 and Markets Daily from CoinDesk is here with another bitcoin news roundup.
Updated Dec 6, 2022, 6:28 p.m. Published Jun 29, 2020, 4:00 p.m.
After a rough weekend, the price of BTC is back above $9,000 and Markets Daily from CoinDesk is here with another bitcoin news roundup.
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This episode is sponsored by Bitstamp and Ciphertrace.
Today's stories:
Bitcoin Closes in the Green Sunday to End Longest Daily Losing Run in 6 Months
Bitcoin chalked out minor price gains on Sunday, ending its longest run of daily losses for half a year and avoiding a break below the ongoing restricted trading range.
Many Bitcoin Developers Are Choosing to Use Pseudonyms – For Good Reason
Whether out of concern for personal security or a desire to preserve privacy, many Bitcoin developers are known to the world only by their pseudonyms.
World's Biggest Mining Firm Makes First Ore Trade on a Blockchain
BHP has completed its first trial trade transaction of iron ore with China's Baosteel using blockchain technology.
Crypto Long & Short: What Trends in Volatility Could Mean for Bitcoin
Bitcoin’s investment narrative is evolving as the role of volatility is changing in both crypto and traditional markets.
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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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