• Litecoin transactions have hit an all-time high as users look for alternatives to Bitcoin.
• Bittrex has filed for bankruptcy in Delaware and is facing numerous creditors.
• Ethereum staking deposits have outpaced withdrawals and BTC, ETH, XRP, and LTC all experienced minor shifts in their prices over the last 24 hours.

Record High Transactions on Litecoin Blockchain

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 Market Analysis

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 the CCI, we are in an oversold market with support at 26524.3333 and resistance at 29270.3333; signalling an oversold market. ETH/USD traded sideways in last session – Ethereum-Dollar price remained largely unchanged in the last session with support at 1778.5233 and resistance at 1917