Bitcoin and Ethereum Wobble Heading Into the Weekend

Bitcoin and Ethereum hit some volatility and are trading 1% lower than they were yesterday while WIF continues to rule the memes.

By Stacy Elliott

2 min read

Bitcoin and Ethereum have shown some volatility in the past 24 hours, both trading 1% lower than they were this time yesterday.

The Bitcoin price has been hovering around $70,000 after looking like it might rise above $71,000 yesterday evening. It's now 0.9% lower than it was this time Thursday. Ethereum has also seen its own dip, currently trading at $3,557, marking a 1% decrease.

On the flip side, Binance Coin (BNB) has experienced a notable increase and is trading for almost $614. That's a 4.6% increase since yesterday and 7.7% higher than it was last week.

There's no telling how much the two are linked, but BNB is rising just as there are signs the crypto exchange and its executives are finding ways to fight back against allegations leveled at it from the Nigerian government.

According to a local news outlet, Binance executive Tigran Gambaryan has asked the Federal High Court in Abuja to compel the Office of the National Security Advisor (NSA) and the Economic and Financial Crimes Commission (EFCC) to apologize to him over his detention in the country. He's also filed a lawsuit alleging his fundamental human rights have been violated.

For nearly a month, Nigerian government officials had detained Gambaryan alongside another Binance executive, Nadeem Anjarwalla—who managed to escape custody earlier this week.

Meme-while, popular Solana meme coin Dogwifhat (WIF) has climbed another 17% since Thursday morning. It was only yesterday that WIF managed to flip PepeCoin (PEPE). Its $3.6 billion market capitalization makes it the 41st overall largest cryptocurrency. And in the meme category, it's now also much larger than Ethereum meme coin Floki Inu (FLOKI) and its Solana competitor Bonk (BONK).

Another top gainer in the last 24 hours has been the native token for the Celestia network, TIA. Celestia, a Layer-1 network,  has recently gained some buzz for being a serious Ethereum competitor. Since yesterday, the TIA price has gained 9.2% and is currently trading for $15.15.

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