This was the cause of the recent volatility of Bitcoin

Bitcoin Technology

Yesterday, Wednesday, April 26, 2023, the price of Bitcoin fell at the same time as a bug fix related to Arkham Intelligence occurred. A well-known Twitter account for cryptocurrency news, DB, shared an excerpt from an Arkham Intelligence alert indicating that Mt. Gox and US government wallets were making transactions.

Arkham initially tweeted to acknowledge that the alleged bug had occurred as a result of a “bug fix” that triggered a misleading notice on its analytics platform for a “small subset of users.” After that, Arkham made a statement to the effect that they had just fixed a bug affecting Bitcoin alerts. Actually, the update prevented them from sending notifications to users.

Furthermore, Arkham claimed that DB had previously created alerts with the names “Mt. Gox” and “US Gov” for Bitcoin transactions over $10,000. At the time of writing, Bitcoin is trading at $28,997, with a 24-hour trading volume of $34,951,240,605. In the last 24 hours, BTC has risen 2.31% according to CoinMarketcap.