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Binance Crypto Withdrawals Temporarily Unavailable Due to Technical Issues
The last withdrawal from one of Binance's Ethereum accounts was sent at 10:45 UTC
Crypto withdrawals on Binance are temporarily unavailable due to a "technical issue," according to a post on the exchange's X account.
"We are experiencing a technical issue with crypto withdrawals," the post on the platform formerly known as Twitter, said. "As a result, they are temporarily unavailable whilst our team works on the fix. Fiat withdrawals are available and working. All funds are SAFU. We apologize for the inconvenience and will update on progress."
According to etherscan, one of the exchange's wallets last processed a withdrawal at 10:45 UTC; the update was posted 18 minutes later.
"Technical issue with a middleware service impacting withdrawals. Funds are SAFU. Our team is on it," CEO Changpeng "CZ" Zhao tweeted.
The rise in activity comes alongside a hike in the price of bitcoin (BTC), which is trading at $34,300 after rallying to a 16-month high on Tuesday.
The outage comes after around $100 billion was traded across all crypto venues on Tuesday, the highest daily volume since the FTX crash in November, 2022, according to CoinMarketCap.
The rise in activity comes alongside a hike in the price of bitcoin (BTC), which is trading at $34,300 after rallying to a 16-month high on Tuesday.
Binance last halted withdrawals in 2021, at the time citing a "heavy backlog." That outage lasted around 25 minutes.
Bitcoin Drops 3% After BlackRock BTC ETF Pulled From DTCC's Website
Monday's addition of IBTC to clearinghouse DTCC's site was a factor in bitcoin's explosive move higher.
Bitcoin (BTC) quickly fell by more than 3% from its perch near $35,000 late Tuesday morning after the ticker for BlackRock's (BLK) spot bitcoin ETF – IBTC – was removed from the Depository Trust & Clearing Corporation's (DTCC) website.
The ticker's appearance on the DTCC site yesterday – rightly or wrongly – had investors speculating about imminent approval for a spot bitcoin ETF, thus playing a factor in BTC's sharp gain from the $30,000 area to more than $35,000.
Data from the Chicago Mercantile Exchange (CME) shows that open interest for bitcoin futures surged to a record high of $3.4 billion on Monday, demonstrating growing interest from institutional investors.
11 Potential New Binance Listings to Invest in Now First, investors will see an overview of the new and upcoming Binance listings. Some are among the new cryptocurrency released on Binance in 2023.
We’ve also included crypto projects that have the potential to be featured on Binance after their respective presale campaign has concluded.
Top 10 Gainers Cryptocurrency on October 24, 2023 by
The world of cryptocurrency has become a global phenomenon, captivating the attention of investors, traders, and enthusiasts worldwide. With its transformative potential and ability to reshape traditional financial systems, cryptocurrencies have seen tremendous growth and popularity in recent years. In this article, we dive into the exciting realm of digital assets and explore the top popular cryptocurrencies that are dominating the current market.
Top Gainers Cryptocurrencies Today:
$MINA
$INJ
$RPL
$FIL
$RUNE
$STX
$IMX
$FTM
$AAVE
$EGLD
Remember to conduct your own research and exercise caution when trading. Stay tuned for further updates,
bitcoin hits two-month high, top $30,000 in volatile week The mood across the broader financial markets has also been nervy lately. Investor sentiment has been rattled by war in the Middle East, a rise in benchmark U.S. 10-year yields towards 5% and concern about the prospect of interest rates staying a lot higher for a lot longer.