• Transactions on the Litecoin blockchain have surged to all-time highs as crypto users search for alternatives to Bitcoin.
• Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware.
• Ether staking deposits have outpaced withdrawals, while BTC/USD, ETH/USD and LTC/USD traded sideways or made minor corrections against USD.
Record High LTC Transactions
Transactions on the Litecoin blockchain have surged to all-time highs as the meme coin frenzy and consequently 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
The Bitcoin-Dollar pair made a minor downwards correction in the last session, dropping 0.1%. According to the CCI, we are in an oversold market with support at 26524.3333 and resistance at 29270.3333; signalling an oversold market according to CCI indicators..
Daily Economic Calendar
Today’s economic calendar includes UK 10-y Bond Auction at 09:30 GMT, US Consumer Price Index Core at 12:30 GMT and UK’s RICS Housing Price Balance at 23:01 GMT