Damanick Dantes

Damanick was a crypto market analyst at CoinDesk where he wrote the daily Market Wrap and provided technical analysis. He is a Chartered Market Technician designation holder and member of the CMT Association. Damanick is also a portfolio strategist and does not invest in digital assets.

Damanick Dantes

Latest from Damanick Dantes


Markets

Market Wrap: Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

Bitcoin could approach lower support at $25K-$27K with greater price volatility.

Bitcoin 24-hour price chart (CoinDesk)

Markets

Market Wrap: Cryptos Rise With Altcoins in the Lead

BTC was roughly flat over the past 24 hours, compared with a 10% rise in HNT and LINK.

Ethereum's lead over competitors might be hard to close. (Elena Rabkina/Unsplash)

Markets

First Mover Asia: Crypto’s Institutional Future May Be Incompatible With Litecoin’s Privacy Protecting Features; Bitcoin Falls

Major South Korean exchanges are delisting the token after privacy upgrades involving the MimbleWimble protocol designed to make transactions confidential and virtually untraceable.

Seoul, South Korea (Ciaran O'Brien/Unsplash)

Markets

First Mover Asia: For the Metaverse to Be a $13T Opportunity, Much Has to Change; Bitcoin Rises Late Past $31K

A Citi report makes a bold prediction, but major metaverse platforms are struggling to attract committed users; altcoins are mixed.

Bitcoin rose above $31,000, but markets remained range-bound. (Michael Borgers/Getty Images)

Markets

Market Wrap: Bitcoin Close to $30K as Investors Search for a Bottom

BTC is down by 34% so far this year and is approaching the middle or late stage of a bear market, according to some indicators.

Investors bottom fishing  (Robson Hatsukami Morgan, Unsplash)

Markets

Bitcoin Choppy Around $30K, Support at $25K-$27K

Price bounces have been short-lived, indicating a loss of buying strength.

Gráfico diario de bitcoin que muestra el soporte/resistencia. (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: When It Comes to Crypto, Hong Kong Isn’t the World’s ‘Freest Economy’; Bitcoin Has a Late Fall Below $30K

A memo by the city’s securities and futures regulator reminds investors of the risks of NFTs; altcoins surge and then drop.

Hong Kong's Exchange Square, home of the Hong Kong Exchange (See-ming Lee/Flickr)

Markets

Market Wrap: Cryptos Climb Amid Lower Volatility; Sentiment Improves

So far, BTC has avoided significant price drops. But option traders are protecting against the downside.

Bitcoin 24-hour chart (CoinDesk)

Markets

Bitcoin Bounces Above $27K-$30K Support Zone; Resistance at $33K-$35K

BTC's current price range remains intact after several weeks of negative returns.

Bitcoin daily price chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Bitcoin and Other Cryptos Tick Up in Weekend Trading

Ether and other major altcoins are slightly in the green as investors continue to look for clarity on the direction of the global economy; stablecoins face increasing scrutiny.

(Bankrx/Shutterstock)