"Bitcoin (BTC) hit a four-month low of $55,011 on Coinbase following news of the latest Mt. Gox cold wallet transfer. BTC fell to a low on July 5 at 3:11 UTC on the Coinbase crypto exchange - its lowest level since late February. Cryptocurrency liquidations in recent years 24 hours reached an astonishing $588 million. Other actively traded cryptocurrencies, including Ether (ETH) and Solana (SOL), also saw a drop of almost 10% on the day 😔"