Overview

• 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.