Omkar Godbole

Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.

Omkar Godbole

Latest from Omkar Godbole


Markets

Bitcoin Set to Form Death Cross as Dollar Index Teases Golden Crossover

A death cross indicates a potential long-term bearish shift in momentum while a golden cross suggests the opposite.

Police do not cross tape at playground

Markets

First Mover Americas: Bitcoin Treads Water Below $26K

The latest price moves in crypto markets in context for Sept. 5, 2023.

BTC Sept. 05 2023 (CoinDesk)

Markets

Deribit Sees 17% Growth in Crypto Derivatives Trading Volume in August, Led by Options

Deribit registered an increase in crypto derivatives trading volume even as global activity declined by 12.1% to around $1.6 trillion.

Top crypto exchanges: monthly derivatives volume trends (Coingecko, Deribit)

Markets

The Relationship Between Bitcoin and Interest Rates Is Breaking Down: Arthur Hayes

The steepest Fed rate hike cycle in decades should have killed bitcoin and other risk assets, but a new relationship between the two are forming, Hayes argued in a Tuesday keynote at the ongoing Korea Blockchain Week.

Arthur Hayes at Korea Blockchain Week 2023. (Factblock)

Markets

Bitcoin Bulls Face Setback as Monthly Stochastic Indicator Turns Lower: Analyst

At the end of August, bitcoin confirmed an overbought downturn in its monthly stochastic, a signal that has previously marked market peaks.

The stochastic indicator is signaling a loss of upward momentum. (mark1657/Pixabay)

Tech

Multibillion Dollar Oracle Tool Chronicle to Expand Outside of MakerDAO Ecosystem

Chronicle is said to safeguard over $5 billion in assets held on Maker by ensuring pricing data is in line with the general market.

(Tetra Images/Getty Images)

Markets

First Mover Americas: Bitcoin Hovers Below $26K; Stellar’s XLM Rallies

The latest price moves in crypto markets in context for Sept 4, 2023.

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Finance

Synthetix Posts 12.5% Gain Amid Binance Outflows, Bucks Bearish Bitcoin Trend

One newly-created wallet withdrew $7.7 million of SNX and $3.9 million of LPT to prompt the tokens to surge.

SNXUSD chart (TradingView)

Markets

Grayscale's Legal Win Versus SEC Makes Spot Bitcoin ETF Approval More Likely: JPMorgan

For the SEC to defend its denial of Grayscale’s proposal to convert GBTC into an ETF, it would have to withdraw its previous approval of futures-based bitcoin ETFs, which is unlikely, the report said.

Grayscale ad (Nikhilesh De/CoinDesk)

Markets

Bitcoin's Use as Margin Collateral in Crypto Futures Trading Is Growing

Using BTC as collateral for a derivative is effectively a double whammy, according to analysts.

bag of coins