Binance Bitcoin Withdrawals Halts Leave Crypto Stocks Tumbling

Crypto News: The global digital asset market printed red indexes on Monday as Binance reported multiple Bitcoin withdrawal halts over the past 24 hours. However, the data suggests that top crypto are not the only ones who took a hit due to withdrawal stoppage crypto stocks also recorded a slump.

Also Read: Bull Market Issue; CZ Addresses Bitcoin Withdrawals Issue

Coingape reported that Binance decided to pause BTC withdrawals citing a spike in pending transactions as it wasn’t able to offer high enough rewards to miners to log the trades. According to the data, blockchain and crypto linked companies recorded a pre market trading decline on Monday. However, Bitcoin price recorded a drop of more than 3% to decline the $28K price level.

Coinbase Global Inc (NASDAQ: COIN), the U.S. biggest crypto exchange, stock price dropped by 4% pre market. Its pre market price stood around $56.44.

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