• Litecoin (LTC) transactions have hit an all-time high as crypto users seek alternatives to the Bitcoin network’s high fees.
• Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware after being sued by the Securities and Exchange Commission.
• Ether staking deposits have surpassed withdrawals, with more than 200,000 ether deposited this week.
Record High LTC Transactions
Transactions on the Litecoin blockchain have surged to all-time highs as the meme coin frenzy and subsequently high fees on the Bitcoin network send crypto users scrambling for alternatives. Number of transactions reached over 500 000 daily.
Bittrex Files for Bankruptcy
Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission. The exchange believes it has more than 100,000 creditors.
Ether Staking Deposits Top Withdrawals
More than 200,000 ether have been deposited to the network since the start of the week, data from the on-chain analytics tool Nansen show, marking the first time deposits have outpaced withdrawals since Shapella went live last month.
BTC/USD Correction
BTC/USD made a minor downwards correction of 0.1%. The Bitcoin-Dollar pair made a minor downwards correction in the last session, dropping 0.1%. According to CCI, we are in an oversold market with support at 26524.3333 and Resistance at 29270.3333 indicating an oversold market according to CCI’s signaling pattern.
Daily Economic Calendar
Daily economic calendar includes releases such as UK 10-y Bond Auction setting average yield on bonds auctioned off; US Consumer Price Index Core measuring changes in prices; UK’s RICS Housing Price Balance surveying real estate agents about home prices etc., which may affect crypto markets accordingly today .