After pausing Bitcoin (BTC-USD) withdrawals for a brief period, Cryptoexchange Binance has resumed withdrawals of the biggest cryptocurrency.
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The company had paused withdrawals on Sunday and early Monday owing to large volumes and higher processing fees.
The move resulted in a sharp correction in Bitcoin and prices are still down 3.20% to $27,954 at the time of publishing today. To prevent a repeat of the episode, the company has now adjusted its processing fees.
Ethereum (ETH-USD), the second largest name in the crypto verse, is also down 2.6% to $1,860.29 today. Crypto traders are bracing for volatility with a slew of key macroeconomic data coming in this week. BTC, in the meantime, continues to take support between the $27,000 and $28,000 zone.
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