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

First Mover Asia: Singapore's Lightbulb Capital Balances the 3 Parts of ESG Investing. Will the DeFi World Care?; Bitcoin, Ether Fall

The crypto world has focused more heavily on environmental issues than the social and governance aspects of different projects; major cryptos were in the red on Sunday as the Russian invasion intensified.

Singapore (Lauryn Ishak/Bloomberg via Getty Images)

Markets

Market Wrap: Cryptos Slide; Analysts Expect a Volatility Spike

Bitcoin's outperformance relative to altcoins suggests a lower appetite for risk among investors.

Cryptos slid on Friday (Possessed Photography/Unsplash)

Markets

Bitcoin Extends Pullback Toward $37K-$40K Support Zone

BTC is in a wide trading range with strong overhead resistance. Technical indicators are mostly neutral.

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

Markets

First Mover Asia: China to Widen Test of Digital Yuan as Russia Invasion Spotlights Crypto’s Potential Role; Cryptos Decline

The country is close to approving trials of the central bank digital currency in a number of cities and regions; bitcoin and ether drop as risk-on appetite fades.

Ukraine's Ministry of Digital Transformation wants crypto exchanges to block Russian users. (Lucy Shires/Getty)

Markets

Market Wrap: Bitcoin Drifts Lower, Although Analysts Expect Bearish Sentiment to Fade

BTC was down 4% over the past 24 hours as geopolitical risks intensified.

Volatility fades. (meriç tuna/Unsplash)

Markets

Bitcoin Takes a Breather; Support at $37K-$40K

Intraday charts show downside exhaustion, which could encourage short-term buying.

Bitcoin's daily chart shows support/resistance levels. (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: India Commodity Price Increase Stemming From Russia Invasion Could Hurt Crypto Investment; Bitcoin Loses Momentum

An increase in commodity prices could eat into Indian investors’ skyrocketing appetite for cryptocurrencies; bitcoin, ether are roughly flat for the day.

sunflower, sun, nature

Markets

Market Wrap: Cryptocurrencies Pull Back Amid Inflation and Geopolitical Risk

Bitcoin and other cryptos dipped as oil prices surged. Higher prices could lead to slower economic growth and market volatility.

Federal Reserve building (Paul Brady Photography/Shutterstock)

Markets

Bitcoin Fades From Resistance; Support at $40K

Downside could persist into the Asia trading day.

Volatility fades. (meriç tuna/Unsplash)

Markets

First Mover Asia: China’s Potential SWIFT Competitor CIPS Won't Help Russia Much; Bitcoin, Ether Rise Again

The Chinese system has just 75 members and processes only a fraction of the transactions that SWIFT handles.

Kyiv. (Photo by Chris McGrath/Getty Images)