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

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Markets

First Mover: As Bitcoin Falls for Second Day, Long-Term Holders Probably Won't Care

The growing number of long-term bitcoin investors might be the cryptocurrency's most simple bullish indicator – more so than "600,000 asteroids."

The simplest bitcoin analysis might just be the number of investors holding for a year or more. (401(K) 2013/Creative Commons, modified by CoinDesk)

Markets

Bitcoin Risks Deeper Price Pullback as Exchange Inflows Spike

Wednesday saw a flurry of deposits onto exchanges, indicating some investors are trying to offload their bitcoin. That could further propel prices downwards.

Bitcoin prices Sept. 1-3 (CoinDesk BPI)

Markets

Open Positions in Deribit’s Ether Options Hit Record High Above $500M

Ether option contracts listed on Deribit, the largest crypto options exchange, are more popular than ever.

skew_total_eth_options_open_interest

Markets

First Mover: Bitcoin Tumbles, Bithumb Reportedly Raided, Uniswap Challenges Coinbase

Bitcoin is down amid negative news from South Korea, but Uniswap has shot to the top of the DeFi rankings.

moshed-2020-9-2-7-56-24

Markets

Bitcoin Price Drops 4% After Latest Rejection at $12K Resistance

Bitcoin fell by $400 Wednesday morning, having failed once more to move above a long-held resistance level.

coindesk-BTC-chart-2020-09-02

Markets

DeFi Flippening Comes to Exchanges as Uniswap Topples Coinbase in Trading Volume

Trading volumes are surging on Uniswap and other so-called decentralized cryptocurrency exchanges, challenging established venues like Coinbase.

Uniswap has become Ethereum's most prominent DEX.

Markets

First Mover: Rookie YFI Token Jumped 8-Fold in August as DeFi Dominated

Yearn.finance's YFI token, which looked like another inside DeFi joke when it launched in July, dominated the August return rankings.

Yearn.finance came in first in First Mover's monthly digital-asset performance ranking for August. (Sumiyoshi Hiromori/Metropolitan Museum of Art, modified by CoinDesk)

Markets

Bitcoin Nears $12K as Dollar Declines to 29-Month Low

Sell-off in the U.S. dollar and ether's price rally power gains in bitcoin.

MOSHED-2020-9-1-8-3-46

Markets

Ether Price Hits 2-Year High

The two-year high was reached alongside a drop in the number of coins held in exchange addresses.

Ether prices since mid-June (CoinDesk)

Markets

Huobi Futures to Launch Options Trading This Week, Joining Throng Challenging Deribit

Huobi Futures will offer bitcoin options starting Tuesday, aiming to meet demand from traders for ways to hedge against risks in crypto markets.

Huobi OTC