Bitcoin (BTC) Withdrawals to Be Temporarily Suspended on Binance, Here's Why

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Bitcoin reached new year-to-date highs of $35,997 in early Thursday trading

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However, deposits and the trading of digital assets on the Bitcoin network will not be impacted during the maintenance.Binance says it will reopen withdrawals after the maintenance is complete but may not notify users in a further announcement.reached new year-to-date highs of $35,997 in early Thursday trading. A rise in Bitcoin since the week began boosted the price of BTC over the $35,000 barrier, which had previously stopped its upward trend over the last two weeks.

During the post-FOMC news conference, Fed Chairman Jerome Powell stated that a rise in U.S. Treasury yields has contributed to tightening financial conditions, but he left the door open for another rate hike if necessary.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.

 

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