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Crypto News Roundup for Feb. 5, 2020
With the price of bitcoin headed back towards recent highs, Markets Daily is back with another crypto news roundup.
Updated Dec 6, 2022, 6:28 p.m. Published Feb 5, 2020, 5:00 p.m.
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Today's news:
Bitcoin Sees Bull Revival as Price Bounces Above $9.4K
Galaxy's Novogratz: XRP Will 'Underperform Immensely Again This Year'
Ethereum Incubator ConsenSys Slashes Headcount 14% in Latest Strategic Shift
Iowa Caucus App Fiasco Shows Need for Open Source Transparency
LISTEN: What Sex Workers Want From Crypto
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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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These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
What to know:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
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