The news that crypto exchange Binance suspended Bitcoin withdrawals twice in 12 hours is putting selling pressure on the crypto market. The world’s largest trading place for digital currencies referred to an overload of the blockchain.
To ensure bitcoin miners execute the transactions, Binance has increased fees. Binance n saw two tranches of Bitcoin worth around $4.4 billion moving through the exchange’s digital money wallets on Sunday, according to blockchain analytics specialist Crypto Quant.