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

Bitcoin Miners Saw a Monthly Record $1.5B Revenue in March

Bitcoin mining revenue broke a new record in March, fueled by the BTC price rally.

Monthly Bitcoin Miner Revenue

Markets

Bitcoin Newbies Are HODLing as Prices Rise, Blockchain Data Suggests

The new generation of HODLers were forged during market rallies over the past year, and show no signs of slowing down.

The term "HODL" is crypto-industry slang for the practice of holding tokens for the long term.

Markets

Bitcoin Steady at Resistance; Support Around $57K-$58K

Bitcoin traded in a tight range during Asian hours; resistance around $60K and support around $57K-$58K.

BTC Hourly Chart

Markets

Market Wrap: Bitcoin Pushes $60K as Goldman, BlackRock Moves Signal Adoption

Bitcoin finishes the first quarter double where it started the year, versus a 5.8% gain for the S&P 500. No wonder Goldman's clients want in.

Bitcoin's gains haven't been particularly steady in the first quarter, but they've added up.

Markets

Why Genesis, BlockFi, Ledn Are Cutting Interest Rates on Large-Scale Bitcoin Deposits

Genesis is cutting bitcoin deposit rates effective Thursday, following BlockFi's reduction last week.

LoanMosh8

Markets

Bitcoin Stalls Near Resistance; Support Around $54K

BTC stalled just shy of $60K resistance during Asia hours. Support is around $54K.

BTC Four-Hour Chart

Markets

Market Wrap: Traders Ratchet Up Derivatives Bets as Bitcoin Mounts Rally

Bitcoin's funding rates are rising, a sign traders are willing to take more risk in betting on a fresh rally.

Bitcoin price chart, daily, over past month.

Markets

Crypto Traders Lever Up as Bitcoin Creeps Back Toward All-Time High

The recent rise appears to show traders finding a renewed appetite for risk taking following a market shakeout over the past of couple weeks.

MOSHED-2020-11-17-12-4-30

Markets

Bitcoin Uptrend Intact After Month-Long Consolidation; All-Time High Within Reach

Intraday overbought signals are not yet extreme, which should keep buyers active towards $60,000-$61,000.

BTC Daily Price Chart

Markets

Cryptocurrency Fund Flows Now at Lowest Since October 2020

No wonder cryptocurrency markets were so lackluster last week: There just wasn't much appetite from investors to put new money into funds.

CoinShares chart shows how dramatically inflows to cryptocurrency investment funds fell last week.