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

Goldman Says Fed May Accelerate Tapering in January: Report

The new projection means the asset purchase program would end in March.

Federal Reserve building (Paul Brady Photography/Shutterstock)

Markets

Bitcoin Slips to $55K as Renewed COVID Concerns Jolt Traditional Markets

The cryptocurrency appeared set for a breakout above $60,000 after Thursday’s rise, but COVID fears played spoilsport.

Bitcoin drops below $58,000 on Nov. 26 amid growing covid fears (CoinDesk, highcharts.com)

Markets

Bearish Sentiment Grips Bitcoin Ahead of $3B Options Expiry

Bitcoin’s put options become pricier amid Fed rate hike fears.

Bitcoin: November expiry options open interest (Deribit)

Markets

Metaverse Platform The Sandbox’s SAND Token Surges 25% After Adidas Teases Partnership

SAND has rallied over 600% since Facebook’s rebrand as Meta.

Sandbox's metaverse

Markets

Stablecoin Tether Crashes on Indian Exchanges, Traders Buy The Dip

A single tether is supposed to be worth $1 or rupees 74.37 as per the current dollar-rupee exchange rate.

Tether crash and recovery on Indian exchanges (WazirX)

Markets

Crypto Options Traders Turn to DeFi for Altcoin Bets as QCP Slings $1B

The Singapore-based firm QCP now trades more than $1B of crypto options per month using decentralized financial applications, including $1 million worth of AAVE options recently with Ribbon Finance.

Traders have never seen anything like the cryptocurrency options trading happening these days in decentralized finance. (Thomas Shotter Boys, 1842/Art Institute of Chicago, modified by CoinDesk)

Markets

Bitcoin Still Trading in Bullish Channel Despite Price Support Break

Powell’s reappointment as Fed’s chairman has reinforced fears of faster rate hikes to control inflation

Chart showing bitcoin trading in a bullish channel (Stack Funds, TradingView)

Markets

Junk-Rated El Salvador’s ‘Bitcoin Bonds’ Look Explosive (Think Volcano)

Anyone buying Salvador’s bitcoin-backed bond is betting on the cryptocurrency in a very big way, ignoring the country’s distressed-debt situation, one strategist said.

El Salvador President Nayib Bukele announces new "bitcoin bonds" at an event on Saturday. (Samson Mow via Twitter)

Markets

Shiba Inu Slips in Coinbase Volume Rankings After Topping the List for 2 Weeks

With speculative frenzy in SHIB cooling, market focus may shift back to top cryptocurrencies.

A Shiba inu, the dog breed that inspired both DOGE and SHIB, is getting a ride in cryptocurrency markets. (Unsplash, modified by CoinDesk)

Markets

Bitcoin Attempts Price Recovery After a Derivatives-Led Slide to Sub-$56K

Fears about a supply glut from the Mt. Gox settlement are unfounded, one analyst said.

Chart showing bitcoin's recovery from five-week lows