Bitcoin’s Market Dominance at a Potential Turning Point, Says Raoul Pal
Market veteran Raoul Pal, founder of Real Vision, has indicated that Bitcoin’s dominance in the cryptocurrency market may have reached its peak. Technical analysis, including DeMark top signals across daily, weekly, and monthly charts, suggests exhaustion in BTC’s rally since December 2024. These signals, designed to identify trend reversals, historically precede significant market shifts. Pal’s insights hint at a possible decline in Bitcoin’s market share, prompting investors to watch for emerging trends in the crypto space.
Market Veteran Raoul Pal Signals Potential Shift in Bitcoin Dominance
Raoul Pal, founder of Real Vision and a seasoned market strategist, suggests Bitcoin’s dominance may have peaked. Technical indicators, including DeMark tops across daily, weekly, and monthly charts, point to exhaustion in BTC’s market share rally since December 2024.
The alignment of DeMark signals—a tool designed by Tom DeMark to identify trend reversals—historically precedes turning points. Pal’s analysis implies capital could rotate into altcoins as BTC’s dominance wanes, though he stops short of predicting immediate downside.
Rich Dad Poor Dad Author Reaffirms Bitcoin as Defense in Global Economic Turmoil
Robert Kiyosaki, author of "Rich Dad Poor Dad," has doubled down on Bitcoin’s role as a hedge against economic instability. His latest warning frames the cryptocurrency as a critical defensive asset in what he describes as a global war fueled by greed, fear, and currency devaluation.
The commentary follows seismic shifts in the automotive sector, with Japanese giants Toyota, Honda, and Nissan halting U.S. sales. Kiyosaki predicts cascading effects—plant closures, mass layoffs, and community devastation in auto-dependent towns. While Detroit’s automakers may benefit temporarily, he cautions that currency wars often escalate into broader conflicts.
Coinbase Q1 Earnings Fall Short as Crypto Trading Volume Declines
Coinbase Global Inc. reported disappointing first-quarter results, with revenue and earnings missing analyst estimates amid a downturn in cryptocurrency trading activity. The exchange posted $2 billion in revenue, down 12% from the previous quarter and below the $2.1 billion consensus estimate.
Trading volume dropped 10% to $393.1 billion, dragging transaction revenue down 19% to $1.3 billion. The decline came despite Bitcoin reaching a record high in January, as broader market turbulence later weighed on crypto assets.
The results highlight how traditional market volatility continues to impact cryptocurrency platforms, even as institutional adoption grows. Coinbase’s performance reflects the challenges exchanges face in maintaining revenue streams during periods of reduced retail trading activity.
Trump Insider David Bailey Prepares $300M Bitcoin Investment Vehicle Nakamoto
David Bailey, a key figure in shaping Donald Trump’s cryptocurrency policies, is spearheading the launch of Nakamoto—a $300 million bitcoin investment vehicle poised to go public through a reverse merger. The firm aims to emulate Bitcoin-native corporate strategies, mirroring MicroStrategy’s playbook by treating BTC as both treasury asset and core business pillar.
Funding includes $200 million in equity and $100 million in convertible debt, raised discreetly since January. Nasdaq listing is targeted for summer, with an official announcement expected imminently. Nakamoto plans aggressive BTC accumulation and potential acquisitions in emerging markets, signaling institutional confidence in Bitcoin’s long-term value proposition.
Coinbase Q1 Revenue Falls Short Amid Market Volatility
Coinbase reported disappointing first-quarter results as macroeconomic headwinds and crypto market turbulence dented performance. Revenue slid to $2 billion from $2.27 billion in Q4 2022, missing analyst expectations.
The exchange posted earnings of $0.24 per share, far below the $1.93 consensus estimate. Trading volume declined 10% quarter-over-quarter to $393.1 billion, while transaction revenues plummeted 19%. "Market conditions remain challenging," the company acknowledged in its shareholder letter.
Despite Bitcoin’s price recovery to $102,530, Coinbase struggled with decreased retail participation and elevated volatility across digital assets. The results underscore how traditional market uncertainties continue impacting crypto-native businesses.
Bitcoin’s Rally to $104K Triggers $400M in Short Liquidations, Fueling Further Upside
Bitcoin’s unexpected surge past $104,000 has vaporized nearly $400 million in bearish bets, clearing a path for extended gains. The cryptocurrency climbed 3% to $102,500, peaking at levels last seen in January, as two catalysts converged: President Trump’s U.K. trade deal announcement and record $40 billion inflows into spot Bitcoin ETFs.
The market-wide rally saw altcoins propel the total crypto market cap (ex-Bitcoin) 10% higher to $1.14 trillion - a threshold untouched since early March. This violent upside movement systematically liquidated Leveraged short positions, creating a self-reinforcing cycle of buying pressure.
