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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No 'Stimmy' Rally: Why the $1,400 Checks Brought So Little Bitcoin Stimulus

Slowing bitcoin volume suggests retail traders are less active with their "stimmy" checks compared to 2020.

President Joe Biden delivers remarks this week on his proposed American Jobs Plan.

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Bitcoin Drifts Lower; Support Around $54K-$55K

Bitcoin buyers and sellers are in a stalemate as oversold rallies have been limited on intraday charts.

BTC Hourly Chart

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NFT Frenzy Shows Signs of Cooling but Don't Call It a Market Crash

NFT prices are falling, but it doesn't point to a market crash as investors eye long-term value.

Sales and prices are declining for non-fungible tokens, such as tokenized weird art, but it's premature to call it an NFT market crash.

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Bitcoin Still Has Support From Long-Term Uptrend, Says Technical Analyst Katie Stockton

Despite short-term volatility, bitcoin's uptrend remains intact. And some traders could be shifting to altcoins.

BTC daily chart

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Bitcoin Weakens Amid Slower Volume; Support Around $54K

Volume has significantly slowed over the past two weeks, which is typical of a consolidation phase and could lead to sharp price moves.

BTC Four-Hour Chart

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Crypto Asset Flows Bounced Back Last Week, Ending Record $4.5B Quarterly Haul

Inflows to crypto funds jumped from a five-month low of $21 million the prior week.

Crypto asset fund flows

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Bitcoin Rangebound With Support Near $57,900

BTC continues to consolidate, although selling pressure remains limited to rising support levels on intraday charts.

BTC hourly chart

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Bitcoin Awaits Institutional Demand for Next Leg Higher, Oanda Says

Bitcoin's intraday rally follows a near 36% rise over the past month as traders look to institutional demand to fuel further upside.

bull, bear

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Bitcoin Fails to Break $60K; Short-Term Support Near $56K

BTC will need to break above $60,000 to resume the uptrend.

BTC Hourly Chart

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Central Bank 'Money Drops' With Digital Currencies Could Fuel Inflation: Bank of America

CBDCs could facilitate central bank stimulus in the form of money drops, and lead to higher inflation, says BofA.

The U.S. government is disbursing economic impact payments directly to taxpayers. But there wasn't much bitcoin stimulus.