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

Ethereum Money Markets See Record Liquidations as Ether Tanks; MakerDAO Revenue Surges

On Friday, MakerDAO collected more than $15 million in liquidation penalty fees.

Ethereum-based lending-borrowing protocols saw record single-day liquidations on Friday. (Delphi Digital, Dune Analytics)

Markets

Bitcoin Drops to 6-Month Low, Ether Eyes Bearish Cross as US Stock Index Futures Erase Early Gains

Bitcoin and ether fell to their lowest levels since July after Goldman Sachs predicted a faster pace of Fed tightening.

Gráfico de precios de bitcoin (CoinDesk)

Markets

Bitcoin Whales Stay Away Even as Technical Indicator Flashes Oversold

RSI can stay oversold longer than dip buyers can stay solvent.

Bitcoin's daily chart RSI signals oversold conditions for the first time since May 2021. (TradingView)

Markets

Crypto Trader Tantra to Liquidate After 'GBTC Discount' Widens to Record

The Grayscale Bitcoin Trust (GBTC) has been trading at a steep discount since last February, but a further widening proved too much for one trading firm.

(moonjazz via Flickr)

Markets

Ether, Altcoins Tank, With Bitcoin as Decoupling Narrative Goes Up in Smoke

Centralized liquidity appears to be dictating the market value of cryptocurrencies promising decentralization.

Ether's price slide (CoinDesk)

Markets

Bitcoin Dips Below $40K During Broader Asia Market Sell-Off

Ether, Solana and other layer 1-associated coins also slip during Asia trading day

Bitcoin's price fell below $40,000 for the first time in months in the early hours of Jan. 21. (CoinDesk Bitcoin Price Index)

Markets

The 3 Reasons Behind Bitcoin-Holder El Salvador's Deteriorating Creditworthiness

President Bukele's bitcoin policy and hawkish Fed expectations are clouding the credit outlook.

El Salvador's five-year credit default swap. (Bloomberg)

Markets

Cardano's ADA Token Leads Crypto Majors Lower, Bitcoin Nears $41K as Bond Yields Rise

Bitcoin appears to have led Nasdaq and other risk assets in pricing Fed jitters.

Cardano's ADA token drops 10% (Tradingview)

Markets

Opyn’s New ‘Squeeth’ Raises Ether Trading to the Power of Two

In yet another example of the crypto industry's tendency to combine innovation with leverage, the new "Squeeth" index (for squared-ether) turns the options trade into a perpetual contract and can be used as a hedge.

Financialization means big directional bets and lots of leverage, propped up by a hype campaign. In crypto, those bets are often followed by a hard landing. (Creative Commons)

Markets

Bitcoin May Soon Wake From Slumber, Derivatives Data Indicates

Futures markets remain a powder keg for short-term volatility, one observer said.

Bitcoin traders may get busy again, as high futures open interest points to renewed price volatility (Source: Pixabay)