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Bitcoin News Roundup for March 11, 2020

Bitcoin falls while the Escobar Fold 2 confuses the heck out of us. It's CoinDesk's Markets Daily Podcast.

Actualizado 11 dic 2022, 2:07 p. .m.. Publicado 11 mar 2020, 4:00 p. .m.. Traducido por IA
MD FEB 27 RELEASE

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Today's Stories:

Bitcoin Options Saw Record Volume of $198M Amid Recent Price Drop

The Cryptocurrency Act of 2020 Is 'Dead on Arrival,' Washington Tells Sponsors

Figure Technologies Securitizes $150M of Home Equity Loans on Blockchain

2 Arrested in Japan for Obtaining Crypto Linked to Coincheck's $530 Million Hack

The Escobar phone is a Samsung Galaxy Fold with a sticker on ithttps://knapsack.news/2020/03/11/the-escobar-phone-is-a-samsung-galaxy-fold-with-a-sticker-on-it/

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Protocol Research: GoPlus Security

GP Basic Image

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 gets 'base case' price target of $143,000 at Citigroup

Bitcoin (TheDigitalArtist/Pixabay)

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.