Bitcoin News Roundup for March 5, 2020
HTC makes a miner, gas powers a new bitcoin effort in New York, and BTC goes back up. It's the Markets Daily podcast from CoinDesk.

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Today's news:
Bitcoin Prints Bullish Price Pattern With Move Above $9K
A New York Power Plant Is Mining $50K Worth of Bitcoin a Day
HTC's New 5G Router Can Host a Full Bitcoin Node
After Court Victory, Indian Exchanges Gear Up for Crypto Trading Surge
Amendment to Special Reporting Act Passes – Cryptocurrency Now Fully Legal in South Korea
CoinDesk's Statement on Coronavirus and Blockchain Week NYC
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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Protocol Research: GoPlus Security

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 earns base case target of $143,000 at Citigroup

The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
What to know:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.









