Crypto NewsBitcoinLast Minute: Bitcoin Withdrawal Transactions Stopped on Binance! What's going on?

Last Minute: Bitcoin Withdrawal Transactions Stopped on Binance! What's going on?

It was announced in a statement that Bitcoin withdrawal transactions on the crypto money exchange Binance were stopped.

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Binance said it has temporarily halted BTC withdrawals as the Bitcoin network is experiencing a congestion issue.

Congestion in Bitcoin Network Due to BRC-20 Transactions

Due to the popularity of Inscription and BRC-20, there are currently over 400,000 transactions pending confirmation on the Bitcoin network, which is a record.

As major exchanges listed the BRC20 Token one after another, the congestion in the Bitcoin network started to increase even more.

*Not investment advice.



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