Bitcoin (BTC) Drop Causes $2 Billion in Liquidations; Meme Coins SLERF, MEW, WIF Lead Altcoin Gains

Profit taking ahead of the halving, due later this week, and macroeconomic tremors weighed on the market since late Friday, with bitcoin dropping from last week’s highs around $70,500 to as low as $62,800. That caused a market-wide decline as majors dropped as much as 18%.