๐ **Bitcoin Alert: $2 Billion on the Move!** ๐
Hold onto your hats, Bitcoin enthusiasts! On-chain analysis platform Arkham Intelligence has flagged a massive movement of $2 billion worth of Bitcoin connected to the infamous Mt. Gox. The crypto exchange BitGo initiated this colossal transfer, involving a whopping 33,140 BTC.
๐ According to Arkham, this wallet, which received $2.19 billion from Mt. Gox, began test transactions early Tuesday. BitGo is the last of five exchanges tasked with distributing funds to Mt. Gox creditors.
๐ Interestingly, Bitcoinโs price surged above $60,300 following the news, despite earlier fears of panic selling. Mt. Gox still holds 46,164 BTC ($2.79 billion), down from 141,000 BTC.
Stay tuned for more updates! ๐