Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Arthur Hayes Says the Bill Should Be ‘Vetoed’ as Six-Week Window Narrows

25/04/2026

Gold and Oil Drive Record TradFi Volumes Across Crypto Exchanges

25/04/2026

Axie Infinity’s Ronin Network to migrate to Ethereum next month, unlocking lower inflation and new builder rewards

25/04/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Weakening trader sentiment leads to lost $2B in ETH open interest

    24/04/2026

    ETH Bullish Streak Hits Four Weeks as Bitmine Loads Up on 101,627 ETH

    24/04/2026

    Ethereum Price Rebound At Risk, Failure Signals Could Emerge Soon

    24/04/2026

    Ethereum rips past $2,300 as ETF inflows ignite fresh investor rush

    24/04/2026

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Cardano NFT Marketplace Announces Permanent Closure, Shocking ADA Community

    24/04/2026

    Bored Ape Yacht Club turns five today and nobody seems to care

    23/04/2026

    WWE Partners with Blockchain Creative Labs for Official NFT Marketplace – Epic Digital Collectibles Ahead

    20/04/2026

    Top 10 NFT Performers by Weekly Sales Volume, Courtyard Outshines

    19/04/2026

    Arthur Hayes Says the Bill Should Be ‘Vetoed’ as Six-Week Window Narrows

    25/04/2026

    Gold and Oil Drive Record TradFi Volumes Across Crypto Exchanges

    25/04/2026

    Axie Infinity’s Ronin Network to migrate to Ethereum next month, unlocking lower inflation and new builder rewards

    25/04/2026

    Flamingo Finance airs support dispute with NGD and NF in open letter

    25/04/2026
  • Blockchain

    Axie Infinity’s Ronin Network to migrate to Ethereum next month, unlocking lower inflation and new builder rewards

    25/04/2026

    Deloitte Gives Chainlink Top Security Certification, Making It the Only Crypto Oracle With SOC 2 Type 2 Status

    25/04/2026

    MarsCat and Crypto Burger Partner to Launch Bitcoin-Secured On-Chain AI Agents

    25/04/2026

    DGrid AI Adds x402 Micropayments via BNB Chain for AI Access

    25/04/2026

    Chainlink and ELYSIA Lead Social Surge as Real-World Asset (RWA) Tokenization Gains Market Momentum

    25/04/2026
  • DeFi

    Flamingo Finance airs support dispute with NGD and NF in open letter

    25/04/2026

    Cardano builder seeks smaller funding slice of $46.8 million for scaling and Bitcoin DeFi

    25/04/2026

    Firelight and Sentora partner to bring native DeFi protection to XRP

    25/04/2026

    Flying Tulip adds withdrawal circuit breaker as April DeFi exploits top $600M

    25/04/2026

    JPMorgan says persistent security flaws curb DeFi’s institutional appeal

    25/04/2026
  • Metaverse

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026

    Planet Hares Partners With Magne.AI To Bridge Web3 Metaverse With Smartphone Mobile-Ready Applications For Mass Adoption

    08/04/2026

    Mark Zuckerberg’s Meta launches new AI initiative after metaverse retreat

    25/03/2026

    Meta partners with Arm to develop new CPUs for AI deployments

    24/03/2026

    Land values capitulate as $24M metaverse plot collapses to just $9,000

    20/03/2026
  • Regulation

    Powell’s comments on oil, inflation are likely to guide bitcoin traders

    12/04/2026

    Bitcoin quickly pulls back to $72,300 as Iran fears team up with poor U.S. inflation data

    11/04/2026

    US National Debt Surpasses $39 Trillion Amid Fiscal Concerns

    11/04/2026

    Bank of Korea adds two banks to digital won trials as real-world testing begins

    11/04/2026

    “PPI and the Fed!” When Will the Interest Rate Decision Be Announced? Here Are the Expectations

    11/04/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Gold and Oil Drive Record TradFi Volumes Across Crypto Exchanges

    25/04/2026

    iOS App Store Loophole Exposed

    25/04/2026

    Valour HBAR ETP Secures Monumental $11M Institutional Investment on Frankfurt Exchange

    25/04/2026

    Binance Launches Alpha Page For Early-Stage Crypto Project Stats Info

    25/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    GameFi is effectively dead as 93% of projects collapse

    23/04/2026

    More than 90% of Web3 games failed after $15 billion boom as gamers never showed up: Caladan

    23/04/2026

    UXLINK Taps ANOME Protocol to Redefine Web3 Gaming, SocialFi, and NFTFi

    23/04/2026

    ‘Axie Infinity’ Gaming Network Ronin Sets Date for Ethereum Layer-2 Migration

    22/04/2026

    Largest Bank in Brazil Moves to Invest in Bitcoin Mining

    24/04/2026

    14 ASIC Rigs Compared at $0.04 Per kWh

    24/04/2026

    Trump-linked American Bitcoin shares spike over 12% after announcing more mining power

    23/04/2026

    IREN rides Bitcoin mining-era power infrastructure to lead AI data center race

    23/04/2026

    Arthur Hayes Says the Bill Should Be ‘Vetoed’ as Six-Week Window Narrows

    25/04/2026

    DOJ Charges the SPLC With Fraud Over Secret Payments to Extremist Informants

    25/04/2026

    Bessent Urges Congress to Pass Major Crypto Bill

    25/04/2026

    Kalshi flags more insider trading cases, including politician who appeared on FBoy Island

    25/04/2026

    Arthur Hayes Says the Bill Should Be ‘Vetoed’ as Six-Week Window Narrows

    25/04/2026

    Gold and Oil Drive Record TradFi Volumes Across Crypto Exchanges

    25/04/2026

    Axie Infinity’s Ronin Network to migrate to Ethereum next month, unlocking lower inflation and new builder rewards

    25/04/2026

    Flamingo Finance airs support dispute with NGD and NF in open letter

    25/04/2026
  • MarketCap
NBTC News
Home»Bitcoin»Mt. Gox Effect? Bitcoin Dominance Drops Most in 5 Months
Bitcoin

Mt. Gox Effect? Bitcoin Dominance Drops Most in 5 Months

NBTCBy NBTC07/08/2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


BTC’s dominance rate slid as Mt. Gox news weighs over BTC.

Short-duration options show renewed bias for puts or downside protection.

Some observers say Mt. Gox concerns may be overblown.

Bitcoin (BTC) is usually less volatile than alternative cryptocurrencies (altcoins), but Monday was different.

The leading cryptocurrency took a bigger hit than smaller tokens, leading to a marked slide in its market dominance in a compelling portrayal of the apprehensions about the impact of impending payouts to victims of a 2014 Mt. Gox hack.

BTC’s dominance, or share of total crypto market value, fell by 1.8% to 54.34%, the biggest single-day percentage decline since Jan. 12, according to charting platform TradingView. In other words, investors likely pulled money from bitcoin faster than from its peers. The cryptocurrency’s price fell nearly 5%, hitting lows under $59,000 at one point, CoinDesk data show.

The sell-off was not without cause. News that the defunct crypto exchange planned to distribute 140,000 BTC to the hack victims in July bolstered concerns the recipients would look to sell once they had their payouts, creating a supply overhang in the market. That added to pressures mounting since June 7 due to faster selling by miners and outflows from spot exchange-traded funds (ETFs).

Sell-off concerns boosted demand for short-term BTC put options on the Deribit exchange, according to data tracked by Amberdata. Put options offer protection against price slides in the underlying asset.

The seven-day and one-month call-put skews, which indicate what traders are willing to pay to acquire an asymmetric payout in the upward or downward direction over one week and one month, have flipped negative. That’s a sign of renewed demand for puts.

Some observers, however, say the actual selling pressure from Mt. Gox reimbursements may be more measured.

“The exact amount of Mt. Gox funds to be distributed in July are not specified, but it is part of a larger reimbursement plan that includes 142,000 Bitcoin and 143,000 Bitcoin Cash, as well as fiat currency totaling 69bn Japanese yen ($432mn),” Tagus Capital said in a market note.

“However, Mt. Gox creditors may hold their Bitcoin rather than sell, as they are long-term investors who resisted previous offers for USD payouts and may face capital gains tax on sales,” Tagus Capital said in a market note,” Tagus Capital added.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Price Breaks All-Time High Record Again – Here’s What We Know

04/08/2025

Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

04/08/2025

Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

04/08/2025

High-Stakes Consolidation Could Define Q3 Trend

04/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Arthur Hayes Says the Bill Should Be ‘Vetoed’ as Six-Week Window Narrows

25/04/2026

Gold and Oil Drive Record TradFi Volumes Across Crypto Exchanges

25/04/2026

Axie Infinity’s Ronin Network to migrate to Ethereum next month, unlocking lower inflation and new builder rewards

25/04/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.