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Bitcoin News Roundup for April 6, 2020

Ether and BTC are running neck and neck while three major lawsuits deal with the ICO aftermath. It's CoinDesk's Markets Daily podcast.

Updated Sep 14, 2021, 8:26 a.m. Published Apr 6, 2020, 4:00 p.m.
MD FEB 27 RELEASE

Tesla is building ventilators while ether and bitcoin remain correlated. It's all on today's episode of CoinDesk's Markets Daily podcast.

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Today's Stories:

Ether-Bitcoin Price Volatility Spread Hits 4-Month Low

Major Crypto Firms Including Binance, Civic, Tron Targeted in Flood of Lawsuits

Victims Accuse Wells Fargo Subsidiary of Turning Blind Eye to $35M Crypto Ponzi

SEC Charges 2 With Fraudulent Water-Backed Token Sale

Tesla shows how it's building ventilators with car parts

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  • 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

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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.