• Litecoin transactions have reached an all-time high due to the meme coin frenzy and high fees on the Bitcoin network.
• Bittrex has filed for bankruptcy in Delaware after being sued by the SEC.
• Ether staking deposits have outpaced withdrawals since Shapella went live last month.
LTC Transactions Reach Record Highs
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 Outpace 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 Price Movement
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 while also signalling an oversold market based on CCI’s negative signal..
Daily Economic Calendar
Daily Economic Calendar includes UK 10-y Bond Auction releasing at 09:30 GMT which sets average yield on bonds auctioned off; US Consumer Price Index Core releasing at 12:30 GMT; UK’s RICS Housing Price Balance releasing at 23:01 GMT which measures investor outlooks on future interest rates etc..