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


Merkado

Market Wrap: Cryptos, Stocks Tumble Amid Extreme Bearish Sentiment

BTC dropped by as much as 11% over the past 24 hours while several altcoins underperformed.

Mercado bajista —bear market, en inglés— de cripto. (Olen Gandy, Unsplash)

Merkado

Bitcoin Under Pressure; Support at $27K-$30K

BTC's breakdown is confirmed and upside appears limited.

(Archivo de CoinDesk)

Merkado

First Mover Asia: BitMEX Saga Leaves Lingering Regulatory Questions, Bitcoin Falls

Arthur Hayes and his BitMEX co-founders must each pay a $10 million fine, but contesting the case against them might have clarified which financial regulatory agency should have primary oversight of crypto; cryptos had a rough weekend.

BitMEX founder and former CEO Arthur Hayes pleaded guilty to an identical charge as the exchange, a few years earlier. (CoinDesk archives)

Merkado

Market Wrap: Crypto Sell-Off Stabilizes Amid Bearish Sentiment

BTC was roughly flat over the past 24 hours and down by 6% over the past week. Traders remain cautious.

(Drew Beamer/Unsplash)

Merkado

Bitcoin Breaking Down, Support at $30K

A weekly close below $36,247 could yield further downside targets.

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

Merkado

First Mover Asia: Thailand Has Already Proven Why Taking Crypto for Luxury Items Isn't Working

Gucci will begin accepting crypto payments at five stores as part of a wider commitment, but the success of its initiatives is uncertain; bitcoin plummets in Thursday trading.

Luxury brand Gucci has entered the crypto world. (Robert Alexander/Getty Images)

Merkado

Market Wrap: Cryptos and Stocks Fall, Luna Foundation Guard Accumulates Bitcoin

BTC declined by as much as 10% on Thursday, its largest price drop in two months.

A trader works on the floor of the New York Stock Exchange (Michael Nagle/Bloomberg via Getty Images)

Merkado

Bitcoin Dips Below $38K, Support at $30K-$32K

BTC is in danger of breaking below a short-term uptrend.

El gráfico de bitcoin muestra el soporte/resistencia de los últimos 20 días. (Damanick Dantes/CoinDesk, TradingView)

Merkado

First Mover Asia: Events in China, India Have Also Weighed on Crypto Prices

Investors may have been focusing on U.S. interest rate hikes and the economic fallout of Russia’s Ukraine invasion, but bitcoin has been subject to other headwinds; cryptos soar post-rate hike.

India Parliament building (Unsplash)

Merkado

Market Wrap: Bitcoin and Stocks Rise After Fed Raises Rates; Growth Concerns Ease

BTC rose by 5% over the past 24 hours as bearish sentiment waned.

U.S. Federal Reserve building (Shutterstock)