Omkar Godbole

Omkar Godbole is a Co-Managing Editor and analyst on CoinDesk's Markets team. He has been covering crypto options and futures, as well as macro and cross-asset activity, since 2019, leveraging his prior experience in directional and non-directional derivative strategies at brokerage firms. His extensive background also encompasses the FX markets, having served as a fundamental analyst at currency and commodities desks for Mumbai-based brokerages and FXStreet. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.

Omkar holds a Master's degree in Finance and a Chartered Market Technician (CMT) designation.

Omkar Godbole

Latest from Omkar Godbole


Markets

Bitcoin's 50-Day Average Hits Record High, but There's a Catch

The spread between the spot price and the 50-day SMA continues to narrow in a sign of waning momentum.

Cryptocurrencies are likely to surge in the coming days. (lizzyliz/Pixabay)

Markets

Coinbase Unlocks DeFi Opportunities for XRP and Dogecoin Holders on Base

Wrapped versions of the tokens represent the original assets and offer compatibility with Base's protocol and decentralized finance applications.

Coinbase opens DeFi opportunities for XRP and DOGE holders. (plantsandanimals1/Pixabay)

Markets

Trio of Soft Economic Reports Boost Fed Rate Cut Odds, but What About Bitcoin?

The big rally in bitcoin and stocks over the past eight weeks has occurred with a (somewhat) hawkish Fed; a dovish turn could provide fuel for new legs higher.

Weakness

Markets

Shiba Inu Breaks High-Volume Support, PepeCoin Fails to Top 200-Day Average

SHIB's price volatility included a peak at 0.00001336 and a decline to 0.00001297, with significant trading volume.

SHIB price chart. (CoinDesk)

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Markets

Bitcoin Moonshot? Trader Bets on 28% Surge in BlackRock's Spot BTC ETF by Month-End

The options market for IBIT turned bullish, with calls becoming more expensive than puts, indicating renewed optimism.

IBIT options look bullish. (LN_Photoart/Pixabay)

Markets

Hybrid Crypto Exchange GRVT Debuts Onchain Retail Price Improvement Orders, Bridging DeFi and TradFi

The system matches retail traders with non-algorithmic traders, ensuring fair play and a balanced trading environment.

GRVT launches retail price improvement orders. (ArtfulColorWorks/Pixabay)

Markets

Bitcoin Profit Taking Speeds Up Post Golden Cross, Hourly BTC Cashouts Top $500M, Blockchain Data Show

Bitcoin's 50-day simple moving average crossed above its 200-day average on May 22, confirming the golden cross.

Most ETH addresses are now in profit. (shahzairul/Pixabay)

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Markets

Shiba Inu Bull Momentum Limited After Buyers Offered Support

SHIB failed to maintain gains above the 100-day simple moving average, closing at $0.00001317, a 2.9% gain over 24 hours.

SHIB's price chart. (CoinDesk)

Markets

XRP Ledger Payments Count Falls to Lowest Since October as XRP Fails to Keep With Bitcoin

The outlook remains positive with strategic partnerships expected to boost institutional adoption.

Bitcoin memepool nearly empty. (geralt/Pixabay)