Binance Suspends Bitcoin Withdrawals Twice Within 12 Hours

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Binance, the world’s largest Crypto Exchange, shared a tweet that, it has temporarily stopped Bitcoin withdrawals twice within 12 hours, due to high volume of pending transactions. The exchange explained on Twitter that they were prompted to take action due to a high number of withdrawal transactions that were still pending, which was caused by an unexpected increase in Bitcoin gas fees that they didn’t anticipate.