Crypto Market Overview: Binance Halts Bitcoin Withdrawals
On May 8, 2023, shares of cryptocurrency and blockchain-related companies fell in premarket trading after Binance halted its bitcoin withdrawals for several hours due to heavy volumes and rising processing fees. The halts pushed Bitcoin, the world’s biggest cryptocurrency, down 2% to a one-week low of $27,9001. Crypto exchange Coinbase Inc fell 4%, while blockchain-farm operator Bitfarms Ltd dropped 4.3%.
Bitcoin Price Today
The current...