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.