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Binance resumes Bitcoin withdrawals after halting for heavy volumes and surging fees
Binance restarted withdrawals of Bitcoin after citing congestion on the token's blockchain for two halts in less than 12 hours, suspensions that weighed on. Bitcoin remains virtually unmoved overnight and into this morning, trading for $ - a notch below key support levels above $27k. �Reports of a large bitcoin outflow and withdrawals being paused at a major exchange could be factoring into some of the weakness we're seeing.

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While CPI inflation is at 3. Bitcoin fell to start the week, extending losses from a sharp drop over the weekend following reports by one of the biggest crypto exchanges in the world about "congestion" on the Bitcoin network. Our team has also been working on enabling BTC Lightning Network withdrawals, which will help in such situations. Crypto exchanges typically also provide custody services, and borrow and lend to customers, a mix of practices that is not possible for SEC-regulated companies. City AM, Crypto AM and Luno always advise you to obtain your own independent financial advice before investing or trading in cryptocurrency.