![Bitcoin (BTC) Drop Causes $2 Billion in Liquidations; Meme Coins SLERF, MEW, WIF Lead Altcoin Gains Bitcoin (BTC) Drop Causes $2 Billion in Liquidations; Meme Coins SLERF, MEW, WIF Lead Altcoin Gains](https://digitallifegaming.com/wp-content/uploads/2023/12/5HK2YAN7J5H33GIN32LVKI7S4Y-768x402.jpg)
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[gpt3] a new article in English that is SEO-optimized and incorporates as many relevant keywords as possible. The article should be based on the information provided in the existing post content. Additionally, please include a dedicated FAQ section and a conclusion section to enhance the reader’s experience
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%.
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