As the value of Bitcoin drops, there has been a significant increase in the popularity and rise of Meme-Coin and AI Tokens, resulting in over $2 billion in liquidations over the weekend.

The value of Bitcoin decreased from its peak of approximately $70,500 last week to a low of $62,800, attributed to investors taking profits in anticipation of the upcoming halving and concerns about the broader economy. This decline in Bitcoin’s price also caused a downturn in the overall market, with significant drops of up to 18% seen in major cryptocurrencies.