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

Останні від Damanick Dantes


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Bitcoin Dominance Sinks Below 50% for First Time Since 2018

Bitcoin's share of the overall industry market capitalization has fallen as ether and other altcoins have surged in price.

With ether and altcoins enjoying a rally, bitcoin's share of the overall market capitalization is waning.

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Bitcoin Consolidates Below $56K Resistance as Buyers Lose Strength

BTC has remained in a consolidation phase since February.

BTC daily chart

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Bitcoin Liquidity 'Likely to Remain Resilient' After Volatility Shock, JPMorgan Says

JPMorgan expects bitcoin liquidity should recover, though it may take a few days as market conditions stabilize.

JPM, JPMorgan

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Bitcoin's Recovery Stalls; Lower Support Around $52K

Bitcoin buyers are losing strength as the recovery from the April 17 sell-off stalls.

BTC four-hour chart

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DOGE Army Retreats, Tail Between Legs, as Dogeday Ends With 21% Drop

The DOGE frenzy appears to have spread to decentralized finance, where several imitator tokens have chalked up staggering single-day gains.

MOSHED-2021-4-20-14-36-9

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Bitcoin Holds Support Around $53K; Resistance Zone Within Reach

For now, the high-volume sell-off on April 17 suggests capitulation as buyers were quick to defend the price low just above $51,000.

BTC Hourly Chart

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Crypto Fund Inflows Accelerated to $233M Last Week, Most Since Early March

Investor appetite for digital asset investment products increased last week, with strong interest in XRP.

Weekly digital asset fund flows

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Latest Bitcoin Crash Shows ‘Buy the Dip’ Mentality Among Big Investors, NYDIG Says

NYDIG's analyst also noted significant BTC spot price discounts on Binance compared to Coinbase.

Chart shows BTC spot premium on Coinbase vs. Binance, indicative of selling pressure in Asia rather than North America, according to NYDIG.

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Bloomberg's McGlone Warns of ‘Predominant Deflationary Forces’

Bloomberg anticipates continued deflation and peak oil similar to 2018. This could be negative for bitcoin.

pop balloon inflation

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Bitcoin Stabilizes After Weekend Sell-Off; Resistance Around $59K

BTC’s April 13 breakout above $60,000 and subsequent all-time high failed.

BTC four-hour chart