{"id":1926605,"date":"2023-05-08T12:56:25","date_gmt":"2023-05-08T16:56:25","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/crypto-stocks-fall-after-binance-halts-bitcoin-withdrawals-for-hours\/"},"modified":"2023-05-08T13:01:10","modified_gmt":"2023-05-08T17:01:10","slug":"crypto-stocks-fall-after-binance-halts-bitcoin-withdrawals-for-hours","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/crypto-stocks-fall-after-binance-halts-bitcoin-withdrawals-for-hours\/","title":{"rendered":"Binance&#8217;s bitcoin withdrawal halt causes crypto stock drop."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcrypto-stocks-fall-after-binance-halts-bitcoin-withdrawals-for-hours%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1926605&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Crypto Stocks Fall as Binance Halts Bitcoin Withdrawals<\/h2>\n<p>Shares of crypto currency- and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/crypto-stocks-fall-after-binance-halts-bitcoin-withdrawals-for-hours\/\" title=\"Binance's bitcoin withdrawal halt causes crypto stock drop.\">blockchain-related companies fell<\/a> in premarket trading on Monday after Binance halted its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/binance-resumes-bitcoin-withdrawals-after-temporary-closure\/\" title=\"Binance reopens Bitcoin withdrawals after brief shutdown.\">bitcoin withdrawals<\/a> for several hours due to heavy volumes and rising processing fees. The halts pushed bitcoin, the world\u2019s biggest cryptocurrency, down 2% to a one-week low of $27,900.<\/p>\n<h3>Companies Affected<\/h3>\n<ul>\n<li>Crypto exchange Coinbase Inc fell 4%<\/li>\n<li>Blockchain-farm operator Bitfarms Ltd dropped 4.3%<\/li>\n<li>Crypto miners including Riot Platforms, Marathon Digital and Hut 8 Mining declined between 4.6% and 7.2%<\/li>\n<\/ul>\n<p>Binance, the world\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/worlds-largest-crypto-exchange-denies-ukraines-request-to-block-russian-accounts\/\" title=\"World\u2019s Largest Crypto Exchange Denies Ukraine\u2019s Request to Block Russian Accounts\">largest crypto exchange<\/a>, shut bitcoin withdrawals for an hour late on Sunday and for about three hours on Monday, saying there was a glut of pending transactions because it hadn\u2019t offered so-called miners a high enough reward to log the trades on the blockchain. The company said its set fees did not anticipate the recent surge in bitcoin-network gas fees \u2013 the payments made to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-releases-executive-order-on-cryptocurrencies\/\" title=\"Biden Releases Executive Order on Cryptocurrencies\">crypto miners<\/a> whose computing power processes transactions on the blockchain.<\/p>\n<p><strong>\u201cTo prevent a similar recurrence \u2026 our fees have been adjusted,\u201d<\/strong> Binance had said. In March, the company suspended deposits and withdrawals citing tech issues.<\/p>\n<p>Investors are advised to keep an eye on the situation and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oregon-governor-encourages-people-to-call-police-on-neighbors-violating-covid-orders\/\" title=\"Oregon Governor Encourages People To Call Police On Neighbors Violating COVID Orders\">make informed decisions<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 Shares of crypto currency- and blockchain-related companies fell in premarket trading on Monday after Binance halted its bitcoin withdrawals for several hours due to heavy volumes and rising processing fees. The halts pushed bitcoin, the world\u2019s biggest cryptocurrency, down 2% to a one-week low of $27,900. Advertisement Crypto exchange Coinbase Inc fell 4%<\/p>\n","protected":false},"author":66,"featured_media":1926606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[26164,4254,6987,5053,10485,4359,8050],"class_list":["post-1926605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-binances","tag-bitcoin","tag-crypto","tag-drop","tag-halt","tag-stock","tag-withdrawal"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1926605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1926605"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1926605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1926606"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1926605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1926605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1926605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}