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 quiet $59,000-$60,000 range is starting to look dangerous

The token has traded in a tight band near $59,000 to $60,000 all week. The pattern echoes a calm stretch from 2024, but this one is forming below support in a falling market, and a break could open the way toward $40,000.

pen rests on paper showing sketched graph going lower.

Finance

New York Life's $800 billion asset manager makes tokenization debut with Centrifuge fund

The $807 billion asset manager is bringing a high-yield corporate bond strategy onto blockchain with Centrifuge as Wall Street expands beyond tokenized Treasury funds.

New York Life building in New York (Unsplash)

Markets

Bitcoin nears 2024 lows as options traders pay up for downside protection

Bitcoin and ether slid toward key support price levels. DeFi tokens were hit hardest, even as XLM and LIT bucked the broader market weakness.

Bitcoin price (CoinDesk data)

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Markets

Bitcoin's correlation with dollar-yen rate hits -0.90, undercutting 'carry trade' theory

Bitcoin’s price has shown an unusually strong negative 52-week correlation with the dollar-yen exchange rate.

Philippe Geluck's sculpture of two cats on a seesaw on the Champs-Élysées

Tech

live

Live updates: Bitcoin falls back below $59,000, Circle's stock gets crushed

IBIT alone shed $300 million while smaller funds absorbed some of the outflow. The selloff lands as the same AI trade that crashed Korea a week ago now powers a record quarterly rally there.

ETFs (Markus Winkler/Pixabay, modified by CoinDesk)

Markets

Tether trades at 7% to 10% premium in India. Exchanges say it's just supply and demand

Executives at major platforms CoinDCX and CoinSwitch say the premium reflects a demand-supply imbalance and thin local liquidity.

Indian flag (Naveed Ahmed/Unsplash)

Markets

Bitcoin under pressure below $60,000 as Japanese yen hits 40-year low against the U.S. dollar

BTC fell in Asia as the Japanese yen tanked to four-decade lows, lifting the dollar higher across the board.

Japan flag in front of a building (Roméo A./Unsplash)

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Tech

Private keys, not smart contracts, caused 40% of crypto's $16 billion hack losses. Here's whats being done.

The industry is moving toward fixing the private key vulnerability issue, just not evenly, Wish Wu, co-founder and CEO of Pharos, said.

(Gorodenkoff/Shutterstock)

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