• Litecoin (LTC) transactions hit record high due to the meme coin frenzy and high fees on the Bitcoin network.
• Crypto exchange Bittrex filed for bankruptcy in Delaware after being sued by the Securities and Exchange Commission.
• Ether staking deposits have outpaced withdrawals since Shapella went live last month, while BTC/USD, ETH/USD and LTC/USD made minor corrections in the last session.
Record High Litecoin (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 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 Made Minor Downwards Correction
The Bitcoin-Dollar pair made a minor downwards correction in the last session, dropping 0.1%. According to CCI, we are currently in an oversold market with support at 26524.3333 and resistance at 29270.3333 while signalling an oversold market with RSI currently in negative territory..
Litecoin (LTC/USD) Skyrocketed 2.4%
The Litecoin-Dollar pair skyrocketed 2.4% in its last session with RSI indicating a negative signal as per technical analysis with support at 70.2933 and resistance at 88.9133 while RSI is still currently in negative zone..