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Bitcoin News Roundup for Sept. 16, 2020
With bitcoin fighting for $11K and the first CBDC in real life, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Updated Sep 14, 2021, 9:56 a.m. Published Sep 16, 2020, 4:00 p.m.
With bitcoin fighting for $11K and the first CBDC in real life, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today's stories:
All Eyes on Fed Reserve Rate Announcement, as Bitcoin Fights for $11K
With the Federal Reserve's decision on rates due later Wednesday, bitcoin traders will be watching the U.S. dollar action.
Bahamas to Roll Out 'Sand Dollar' Digital Currency Next Month
The Bahamas' "Sand Dollar" will likely be the world's first live central bank digital currency (CBDC) when it launches in October.
Bitcoin CEO: MicroStrategy's Michael Saylor Explains His $425M Bet on BTC
How the business analytics chief became Wall Street's boldest bitcoin maximalist.
US State Bank Regulators Agree to Single Set of Rules for Fintech, Crypto Firm Licensing
Agencies from 48 states are expected to unveil a framework Wednesday that will simplify and consolidate regulation for crypto companies.
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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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Traders mull the bottom as bitcoin returns to week's lows below $86,000
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.
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