Bitcoin hit a four-month low of $53,499 on Coinbase as news of Mt Gox’s latest cold wallet installation hit the market.

Bitcoin declined, hitting its lowest level since late February, according to TradingView. Additionally, cryptocurrency liquidations rose to $664.5 million in the past 24 hours, the most in two months, according to Coinglass data.

Bitcoin rebounded slightly to $54,300, down 7.4% in the past 24 hours.

Other highly traded cryptocurrencies:
The ETH ticker was down $2,958 and Solana’s SOL ticker was down $133, also down nearly 10% on the day. ETH fell to $2,898, which was below the key $3,000 level it had been holding since mid-May, according to BitcoinMinting.

Crypto liquidations in the last 24 hours included $584 million in longs and about $82 million in shorts, with total long BTC positions of $222 millions.