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Bitcoin News Roundup for March 16, 2020
It's the first lockdown week in the United States and the markets are going wild. Here's what happened in crypto.
By John Biggs
Updated Sep 14, 2021, 8:19 a.m. Published Mar 16, 2020, 4:00 p.m.
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Today's Stories:
Bitcoin Sinks Below $5K Despite Fed Reserve's Slashing of Interest Rates
Price Drop Casts Pall Over Bitcoin Miners' Equipment Upgrades
Thursday's Market Madness Strained Ethereum's Killer App: DeFi
US Woman Gets 13 Years in Jail After Funding ISIS With Cryptocurrency
The Killers on Twitter: "But this is.… "
But this is. pic.twitter.com/PlyHdzo2pM
— The Killers (@thekillers) March 16, 2020
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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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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