It was announced in a statement that Bitcoin withdrawal transactions on the crypto money exchange Binance were stopped.
Binance said it has temporarily halted BTC withdrawals as the Bitcoin network is experiencing a congestion issue.
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.
Risk Disclosure: Guides, news, articles and analyzes on Bitcoinsistemi.com do not constitute investment advice. Keeping in mind that Bitcoin and cryptocurrencies are high-risk products, you should do your own research for each investment decision. Otherwise, you may come to the point of losing your entire investment. In this context, you should know that you are responsible for the losses that may arise from all your transfers and transactions.
Bitcoinsistemi.com is a news site, does not provide investment advice and does not recommend investing in any projects or digital assets. In this context, the content and content authors on Bitcoinsistemi.com cannot be held responsible for the investment decisions you make.
© Copyright 2023
