This week in Coins: Caitlyn Jenner dives into the world of memes as Bitcoin and Ethereum flatten

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It’s been another boring week for Bitcoin but madness continues for the rest of the sector.

THE price of Bitcoin it topped $70,000 on Monday, but is now trading for $67,635, down about 2% in seven days.

Its decline is partly due to news Defunct Bitcoin exchange Mt. Gox moved more than $9 billion in BTC to an unknown wallet yesterday, leading the market to think creditors were about to be paid back.

Since then, the former CEO of the collapsed stock market, Mark Karpelès, has done so reassured people that “there is no imminent sale of Bitcoin taking place.”

In the Ethereum world, the second largest coin by market capitalization did not move at all over the course of the week, even after the historic approval of Exchange Traded Funds (ETFs) last week.

According to CoinGecko, the price of Ethereum is currently at $3,798. Analysts he said that the currency would soon have a bull run, though.

But in the world of memes and alternatives, the action hasn’t stopped.

First, Sahil Arora, a promoter who works with celebrities to launch crypto projects, launched a meme token with Caitlyn Jenner. THE Solanait sent the Twitter cryptocurrency into crisis upon its launch.

Then Olympic gold medalist and member of the Kardashians said Decipher that she had fallen out with Sahil and that he owed her “a lot of money”.

The token, JENNER, has immersed ever since and has been trading at a steep loss since its launch.

But the circus surrounding the celebrity and his move into the world of cryptocurrencies helped push other more established tokens higher in meme space: Dogwifhat AND FLOKI they are both big winners this week, up 15% and 14% respectively.

Dogwifhat is currently trading for $3.41; Ethereum-based FLOKI is priced at $0.0002588.

In other news, former FTX executive Ryan Salame received 90 months in prison. And the Gemini cryptocurrency exchange She said It will pay out more than $2 billion in digital assets to customers of its Earn lending program on Wednesday.

In terms of big earnings, the Telegram-based “social clicker” game Not moneyThe NOT token is the biggest winner of the week, having risen 148% to $0.01354 in seven days.

The excitement around the project and its token has taken off since it launched “earning missions” that allow players to passively earn crypto rewards using the messaging app.

It is now priced at $0.01285.

Finally, the guilty verdict against former President Donald Trump dominated the end of the week. While the impact of the news on the broader market is hotly debated, it was good news for meme coins dedicated to Trump, though after a notable dive.

By Ryan Ozawa.

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