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 Holds Above $60K as Crypto Market Cap Reaches New High

Meanwhile, some analysts are warning about overheating in the futures market given the recent rise in leveraged positions

Total crypto market cap (CoinDesk, TradingView)

Markets

Crypto-Fund Assets Hit All-Time High, With US Bitcoin Futures ETF on Cusp

Total assets under management in cryptocurrency funds tracked by CoinShares have been climbing – and could swell further as one or more U.S. bitcoin futures exchange-traded funds launch this week.

Crypto funds' assets under management and net new assets. (CoinShares)

Markets

Market Wrap: Bitcoin Reaches $61K as SEC’s ETF Deadline Nears

Bitcoin is inching closer to an all-time high as anticipation builds the U.S. regulator will finally approve one of the many applications it has received.

U.S. Securities and Exchange Commission (Shutterstock)

Markets

Market Wrap: Ether Outperforms Bitcoin as Traders Look to Altcoins

Analysts see strong fundamentals for alternative cryptocurrencies.

Ether 24-hour price chart (CoinDesk)

Finance

Market Wrap: Bitcoin Recovering Faster Than Equities as Buyers Remain Active

By contrast, the S&P 500 is down about 4% from an all-time high in September.

Roller coaster

Markets

Market Wrap: Bitcoin Declines as Indicator Shows Rally Could Lose Steam

Comments from J.P. Morgan CEO Jamie Dimon contributed to a sour mood across crypto markets.

Bull and bear (Shutterstock)

Markets

Bitcoin Takes a Breather, Could Find Support at $50K-$52K

Upside momentum is slowing, although pullbacks could be limited into Asian trading hours.

Bitcoin's four-hour chart (CoinDesk, TradingView)

Markets

Market Wrap: Bitcoin All-Time High Expected, but Not Before a Pullback

The options market is placing a 20% probability on bitcoin ending the month at a new all-time high above $65,000.

(Shutterstock)

Markets

Bitcoin Approaching Resistance Near $58K; Support at $50K

Momentum has improved over the past two weeks.

Bitcoin four-hour price chart (CoinDesk, TradingView)

Markets

Market Wrap: Analysts Bullish on Bitcoin as Trading Volume Rises

Historically, bitcoin produces positive returns in the fourth quarter, underpinning bullish price estimates.

Bitcoin 24-hour chart (CoinDesk)