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

Goldman Sachs Says Blockchain Stocks on Average Outperform S&P 500 (But Not Bitcoin)

Goldman Sachs identified 19 blockchain and cryptocurrency related stocks that have outperformed the S&P 500 this year.

Goldman Sachs chart comparing blockchain stock returns with the price of bitcoin.

Markets

Long-Term Bitcoin Holders Unmoved Despite Volatility, Blockchain Data Shows

Long-term bitcoin holders were unmoved during the recent correction, similar to previous turning points, according to Glassnode.

BTC spent output age bands

Markets

Bitcoin Rallies From Oversold Levels; Resistance Around $56K

BTC is now at the most overbought level since April 14, when it reached an all-time high around $64,800.

BTC hourly chart

Markets

A Year After Coronavirus Meltdown, Few Investors See Risk of Deflation: Deutsche Bank

Inflation remains a key focus, according to a survey of global investors, although risk of a "Fed taper" appears low.

Inflation expectations

Markets

Digital Asset Fund Inflows Fall to Lowest Level Since October

Bitcoin prices fell 14% during the seven days through April 23, while ether rose 18%..

Weekly Digital Asset Fund Flows

Markets

Blockchain Data May Have Foreshadowed Monday's Bitcoin Price Rally

The SOPR indicator, which measures aggregate net profit/loss could signal a BTC market bottom, according to Glassnode data.

BTC SOPR Indicator

Markets

Bitcoin Stabilizes After Weekend Sell-Off; Resistance Around $58K

BTC is attempting to break above a series of lower price highs from April 14, which could stabilize the short-term downtrend.

BTC Four-Hour Chart

Markets

Bitcoin Sell-Off Leaves Cryptocurrency in Weakening Short-Term Trend

The daily RSI is approaching oversold territory, which could attract short-term buyers.

BTC four-hour chart

Markets

Despite Price Drop, Bitcoin's 'Fundamental Narrative Has Not Changed,' Stack Funds Says

BTC drawdowns have occurred every month since the start of this year but most ended with sharp recoveries, achieving newer highs in the following month.

BTC drawdowns

Markets

Bitcoin Recovers From Panic Zone as Funding Rates Reset

Bitcoin's funding rate turned negative over the weekend, which typically precedes price recoveries.

Bitcoin Price vs. Funding Rates