Thursday , April 25 2024 - услуги фрилансеров от 500 руб.
Home / WORLD / Largest crypto exchange halts Bitcoin withdrawals

Largest crypto exchange halts Bitcoin withdrawals

The world’s largest cryptocurrency exchange, Binance, has temporarily halted Bitcoin withdrawals “due to a stuck transaction causing a backlog,” CEO Changpeng Zhao said in a tweet on Monday.

Zhao tried to reassure users that their funds were safe and the problem was only impacting the Bitcoin network. The Binance team is currently fixing the backlog, the exchange said in an official announcement. - услуги фрилансеров от 500 руб.

The halt to Binance withdrawals came mere hours after crypto lender Celsius announced a suspension of withdrawals late on Sunday and amid a huge drop in crypto prices during Monday trading.

Bitcoin had lost over 13% in price as of 14:00 GMT on Monday, sliding to $23,685 per coin, CoinDesk data shows. Nearly all other major crypto tokens were also trading in the red.

READ MORE: Bitcoin plunges to 18-month low

The overall market capitalization for cryptocurrencies has plunged by some 12% in the last 24 hours to around $970 billion on Monday morning, according to data from CoinMarketCap. This is the first time this figure has fallen below $1 trillion since early 2021.

For more stories on economy & finance visit RT’s business section

© 2022, paradox. All rights reserved.

Check Also

Russia has seized initiative in Ukraine conflict – defense minister

Russian troops are firmly in control of the battlefield situation and are steadily pushing back …

Leave a Reply

Your email address will not be published. Required fields are marked *