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

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Markets

Market Wrap Year-End Review: Musk Pumps Bitcoin and Dogecoin

Dogecoin pumped along with bitcoin thanks to some high profile tweets.

Image posted on Feb. 4, 2021, by Elon Musk's Twitter account. (@elonmusk/Twitter, modified by CoinDesk)

Markets

Market Wrap Year-End Review: Bitcoin Starts Off in a Frenzy

In this first episode of Market Wrap’s review of crypto markets in 2021, we recall the powerful rally that ushered in the new year. Retail traders piled in, even as some institutional investors sounded warnings about rampant speculation.

Chicago Board of Trade traders, 1949 (Stanley Kubrick via Wikimedia Commons)

Markets

First Mover Asia: Bitcoin, Ether Have a Quiet Weekend

The two largest cryptocurrencies by market capitalization were roughly flat amid light trading; terra approached an all-time high, while avalanche dropped.

Ducks and geese floating in tranquillity (Photo by �� Steve Terrill/CORBIS/Corbis via Getty Images)

Markets

Bitcoin Limited to $50K-$55K Resistance as Momentum Slows

Short-term buying could be limited given negative momentum on the weekly chart.

Bitcoin weekly price chart (Damanick Dantes/CoinDesk, TradingView)

Markets

Market Wrap: Bitcoin Options Lean Bearish as Some Altcoins Outperform

BTC is slightly lower over the past week compared with a 5% rise in Solana’s SOL token and a 38% rise in Avalanche’s AVAX.

brown bear (Fabe collage, Unsplash)

Markets

First Mover Asia: Crypto Rally Fizzles Amid Widespread Inflationary Concerns

Bitcoin falls along with major stock indexes; spot trading volume is sluggish.

Crypto's still in a bear market. (Christof Koepsel/Getty Images)

Markets

Market Wrap: Altcoins Outperform as Ether Rises Toward $4K

Bitcoin was down about 2%, while ether was roughly flat over the past 24 hours compared with a 4% rise in SOL and a 7% rise in LUNA.

Bitcoin dominance rate declined as altcoins outperformed (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Oversold Near $46K Support; Resistance at $55K

The cryptocurrency could see a brief price bounce, although sellers remain in control.

Bitcoin daily price chart (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Fed Decision on Stimulus Money Buoys Crypto Markets

Bitcoin leaps over $49,000, while ether and other altcoins also rise.

A supersonic Concorde jetliner takes off from the runway of an unidentified airport.

Markets

Market Wrap: Bitcoin Bounces After Fed Decision; Analysts Expect Sideways Trading

Bitcoin is up about 3% over the past 24 hours, compared to a 4% rise in ether and a 14% rise in Solana’s SOL token.

Federal Reserve building (Paul Brady Photography/Shutterstock)