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

Bloomberg's McGlone Warns of ‘Predominant Deflationary Forces’

Bloomberg anticipates continued deflation and peak oil similar to 2018. This could be negative for bitcoin.

pop balloon inflation

Markets

Bitcoin Stabilizes After Weekend Sell-Off; Resistance Around $59K

BTC’s April 13 breakout above $60,000 and subsequent all-time high failed.

BTC four-hour chart

Markets

Bitcoin Is 'Store of Value' Though Not Yet 'Medium of Exchange,' Dallas Fed's Kaplan Says

The U.S. economy is "not out of the woods yet," said Dallas Fed President Robert Kaplan.

Federal Reserve Bank of Dallas President Robert Kaplan

Markets

Dogecoin No Longer Pup After Tripling Past $50B, Exceeding UK Bank Barclays

DOGE now has a market value of more than $50 billion, surpassing the giant U.K. bank Barclays after tripling in price.

CoinDesk's Nikhilesh De summoned this meme on dogecoin, itself a meme.

Markets

Bitcoin Recedes From All-Time High; Approaching Support

BTC is roughly 7% lower from its all-time high, similar to the April 1 pullback.

BTC four-hour chart

Markets

Coinbase Listing Brought Attention to Crypto, Says Tezos's Kathleen Breitman

Coinbase's direct listing is bringing attention to crypto, but there's some "hopium" going on in DeFi, says Breitman.

Tezos co-founder Kathleen Breitman

Markets

BTIG Initiates Coinbase Coverage With $500 Price Target

BTIG expects COIN to reach $500, calling it the "gold standard among digital asset exchanges."

Coinbase CEO Brian Armstrong opposes the infrastructure bill's tax provision.

Markets

Bitcoin Struggles Around All-Time High Resistance; Support Within Reach

BTC buyers take profit, but selling should be limited around $61K support.

Hourly BTC chart shows support and resistance levels with RSI.

Markets

Coinbase Direct Listing Gets $100B+ Valuation as Share Price Jumps in Nasdaq Debut

The Coinbase listing is seen as a watershed moment for the cryptocurrency industry.

Coinbase CEO Brian Armstrong. (CNBC, modified by CoinDesk)

Markets

Bitcoin Uptrend Intact as HODLers Seem Less Tempted to Sell

Long-term BTC hodlers are less tempted to sell relative to prior bull markets, according to data from Glassnode.

The term "HODL" is crypto-industry slang for the practice of holding tokens for the long term.