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Bitcoin News Roundup for March 13, 2020

What the heck just happened? We make sense of last night on CoinDesk's Markets Daily Podcast.

Updated Sep 14, 2021, 8:19 a.m. Published Mar 13, 2020, 4:00 p.m.
MD FEB 27 RELEASE

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Today's Stories:

Bitcoin Price Briefly Dips to 12-Month Low in Overnight Trading

DeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop

Cash Is the New Safe Haven as Crypto, Gold Continue to Tank

US Charges Dutch National With Running Crypto-Funded Child Porn Site

Where to Get a Coronavirus Test: Roche Speeds Delivery 10-Fold

For early access before our regular noon Eastern time releases, subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

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  • 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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Gold, silver shine in debasement trade as bitcoin is left behind

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JPMorgan analysts in October said investors betting on currency devaluation would lift precious metals and bitcoin, but only one of those trades has worked.

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  • Bitcoin's price dropped 30% from its October record while gold and sliver rally.
  • Analysts suggest bitcoin's weakness is linked to its association with risky assets and structural selling by long-term holders.
  • Historical trends indicate BTC could rally after gold's peak, with a potential catch-up expected in 2026.