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

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Markets

Bitcoin Approaches Support Zone at $37K-$40K

BTC is not yet oversold and is roughly two days away from a pause in selling pressure.

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

Markets

First Mover Asia: What’s in HSBC’s Metaverse Fund for Hong Kong, Singapore Private Banking Clients?; Bitcoin Declines

The financial services giant has been short on specifics, and the mystery underscores the difficulties in defining what belongs in such products; ether also falls.

Hong Kong skyline (Gary Yeowell/Getty Images)

Markets

Market Wrap: Cryptos Waver as Speculators Lose Interest

Open interest in the BTC futures market is starting to decline.

(Jérôme Prax/Unsplash)

Markets

Bitcoin Stalls Below $48K Resistance; Support at $40K-$43K

The current pullback appears to be temporary ahead of seasonal strength.

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

Markets

First Mover Asia: Bitcoin Set to Close Week Underperforming Major Japan, China Stocks

Investors in the region were more risk-averse this week amid fresh evidence of the U.S. central bank's commitment to hawkish monetary policy and an unsettled macroeconomic environment; cryptos were mixed.

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

Markets

Market Wrap: Cryptos Recover, With Altcoins in the Lead

BTC was roughly flat over the past 24 hours, compared with a 6% jump in WAVES and a 3% rise in AAVE.

Cryptos reverse course (cdd20, Unsplash)

Markets

Bitcoin Stabilizes at $43K Support; Resistance at $45K-$48K

Range-bound price action could persist for a few days.

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

Markets

First Mover Asia: South Korea's 'Kimchi Premium' Evaporates; Major Cryptos Tumble on Fed Minutes, Continued Global Uncertainty

The gap between bitcoin prices on Korean crypto exchanges and global counterparts has declined from 20% to about 3% over the past year; bitcoin and ether tumbled.

The so-called kimchi premium has evaporated. (Shutterstock)

Markets

Market Wrap: Altcoins Underperform as Traders Reduce Risk

BTC and stocks traded lower after Federal Reserve minutes signaled aggressive monetary tightening could be coming.

Bitcoin daily price chart (CoinDesk)

Markets

Bitcoin Extends Pullback Toward $40K-$43K Support

BTC broke below a monthlong uptrend.

Bitcoin daily chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)