Bitcoin Surges Past $61,000 as Mt. Gox Fund Distribution Advances

A $2 billion Bitcoin transfer from a Mt. Gox wallet, likely managed by BitGo, signals ongoing repayments to creditors.

Bitcoin's price rose to over $61,000 following a significant transaction from a Mt. Gox wallet.
Blockchain analytics firm Arkham Intelligence identified the wallet as likely managed by BitGo.
The transaction is part of the ongoing distribution to Mt. Gox creditors, which began in early July.
The distribution process has seen Bitcoin prices fluctuate significantly in recent weeks.
Mt. Gox, once the largest Bitcoin exchange, collapsed in 2014 after a major hack.