Binance suspends bitcoin withdrawal from the exchange for 30 minutes

Binance temporarily suspends BTC withdrawals due to the accumulation of unconfirmed transactions in the mempool (for about 30 minutes), Changpeng Zhao tweeted.

twitter.com/cz_binance/status/1 536 317 704 990 208 000?s=20&t=DTjpZpV6XjBpItxvtQtU1w

According to Blockchain.com, almost 30,000 bitcoin transfers are waiting for confirmation. Withdrawals have intensified not only from this crypto exchange over the past day, as the market is in a bit of a panic amid the fall of BTC and other crypto assets.

As a reminder, today the value of bitcoin fell by 10% per day and almost 21% over the previous week. Currently, the total market price of BTC is $ 459 billion (the lowest in 18 months). At the time of writing, the value of BTC is $ 24,037. Over the past week, bitcoin has not only stopped trading for $ 31,300, but also lost the market capitalization of the flagship digital asset by almost $ 130 billion. Investors expect positive changes in value, but some analysts' forecasts are disappointing.