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Damanick Dantes

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.

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ECB President Christine Lagarde.
Markets
Inflation
ECB Speeds €1.85T Stimulus Program as Lagarde Frets Over 'Premature Tightening'
The overall program's size was left intact, along with the March 2022 end date, but the pace of stimulus is now set to increase.
ECB President Christine Lagarde.
By Damanick Dantes
Mar 11, 2021 at 2:29 p.m. UTC
Mar 11, 2021
InflationECBEuropean Central BankCentral BanksBitcoin PriceMarketsCryptocurrenciesMonetary Stimulus
Ether prices have softened recently after a powerful bull run over the past year.
Markets
Ethereum
Ether Uptrend Is Weakening, Could Test Lower Support: Technical Analysis
Ether is facing resistance from all-time-highs and could see lower support, initially around $1,561.
Ether prices have softened recently after a powerful bull run over the past year.
By Damanick Dantes
Mar 11, 2021 at 12:18 p.m. UTC
Mar 11, 2021
EthereumBitcoin PriceTechnical Analysis
Corporate treasurers outside of the U.S. are now dabbling in bitcoin.
Markets
Square
Bitcoin on the Balance Sheet? Corporate Buying Might Become a Global Trend
According to Arcane, the new corporate buyers appear intent on keeping the cryptocurrencies for the long term "and see further upside potential in bitcoin."
Corporate treasurers outside of the U.S. are now dabbling in bitcoin.
By Damanick Dantes
Mar 10, 2021 at 8:12 p.m. UTC
Mar 10, 2021
SquareTeslaBitcoin PriceBitcoin BuyingArcane ResearchMicroStrategyBitcoin Treasury Reserve Asset
MOSHED-2021-2-10-9-25-3
Markets
Inflation
US Inflation Rate Accelerates in February, Could Go Higher as Economy Reheats
The 12-month rate represents an acceleration from January's 1.4% clip, a pickup partly driven by higher gasoline price.
MOSHED-2021-2-10-9-25-3
By Damanick Dantes
Mar 10, 2021 at 2:21 p.m. UTC
Mar 10, 2021
InflationEconomyBitcoin PriceMarketsCryptocurrencies
CME Group Headquarters
Markets
Ethereum
Ether Trailing Bitcoin Since CME Futures Launch: Technical Analysis
Did the CME's ether futures launch coincide with a market top, relative to bitcoin? It sure looks like it based on the chart pattern.
CME Group Headquarters
By Damanick Dantes
Mar 10, 2021 at 1:40 p.m. UTC
Mar 10, 2021
EthereumBitcoin PriceEtherMarketsTechnical Analysis
MOSHED-2021-2-10-9-25-3
Markets
Inflation
Inflation Rate, Closely Tracked by Bitcoin Traders, Probably Accelerated in February
The CPI for February probably rose 1.7%, accelerating from the January pace of 1.4%, based on economists' projections.
MOSHED-2021-2-10-9-25-3
By Damanick Dantes
Mar 9, 2021 at 10:25 p.m. UTC
Mar 9, 2021
InflationEconomyBitcoin PriceCryptocurrencies
Bitcoin's price appears to be climbing again, after a retreat over the past couple weeks.
Markets
Bitcoin price
Bitcoin's Break Above $54K Could Open Path to New Price Record: Technical Analysis
Bitcoin finds support at $50,000, with next resistance seen at $54,000, and then at the all-time high around $58,000.
Bitcoin's price appears to be climbing again, after a retreat over the past couple weeks.
By Damanick Dantes
Mar 9, 2021 at 6:15 p.m. UTC
Mar 9, 2021
Bitcoin PriceMarketsTechnical AnalysisCryptocurrencies
Inflows to crypto investment funds dropped last week, coinciding with the market's recent retreat.
Markets
Ethereum
Investors Put Less Money Into Crypto Funds Last Week as Bitcoin Market Stagnated
Last week's drop in crypto investment inflows to a fourth of the prior week's pace came as prices retreated in prices for bitcoin and other digital assets.
Inflows to crypto investment funds dropped last week, coinciding with the market's recent retreat.
By Damanick Dantes
Mar 9, 2021 at 5:19 p.m. UTC
Mar 9, 2021
EthereumFundsBitcoin PriceMarketsCryptocurrencies
Goldman Sachs
Markets
Goldman sachs
Bitcoin's 2021 Returns Destroy Everything on Wall Street, Goldman Sachs Says
Bitcoin's lead over assets from stocks to bonds, oil, banks, gold and tech stocks and the euro has widened.
Goldman Sachs
By Damanick Dantes
Mar 8, 2021 at 10:35 p.m. UTC
Mar 8, 2021
Goldman SachsWall StreetBitcoin PriceCryptocurrencies
Federal Reserve Chair Jerome Powell
Markets
Inflation
Fed 'Not Yet Ready to Blink' on Inflation, Pantheon Says
Bitcoin traders may be out of luck if they're expecting the Fed to further ease monetary policy as bond yields rise.
Federal Reserve Chair Jerome Powell
By Damanick Dantes
Mar 8, 2021 at 7:48 p.m. UTC
Mar 8, 2021
InflationFederal ReserveEconomicsBitcoin PriceCryptocurrencies