In a news we shared with you in the morning, we stated that the crypto money markets turned into a bloodbath, and that Bitcoin had regressed to its level in 2020. While the decline was continuing, a remarkable development took place. Binance, the world’s largest cryptocurrency exchange, announced that it has stopped withdrawing Bitcoin.
In the statements made from Binance’s official social media accounts, it was stated that there was a bottleneck in the BTC network. This was exactly the reason why the operations were suspended. Mentioning that the technical team continues to work, Binance officials announced that investors who want to withdraw Bitcoin should use other networks. So if you are going to withdraw Bitcoin, you need to use Ethereum or BNB Chain networks.
Binance’s statement on Twitter reads as follows:
“Binance has temporarily stopped withdrawing #Bitcoin from the $BTC network due to a stuck on-chain transaction. “Our team is working to resolve the issue and we will share more details soon. You can continue to withdraw BTC over other networks as the work continues.”
The latest situation in Bitcoin:
Speaking of cryptocurrencies, we see that even the situation we call black Monday in the morning is already good. Because Bitcoin is trading at $ 23,700 as of the writing of this article. This figure means that there has been more than 13 percent loss in value in the last 24 hours. While other cryptocurrencies are collapsing like Bitcoin, the total money in the market has decreased to $ 968 billion for the first time since the beginning of 2021…
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