Binance halts cryptocurrency withdrawals temporarily due to backlog

Binance temporarily disables all cryptocurrency withdrawals on its website, citing a large backlog, the crypto exchange said via tweet. The post was time-stamped at 7:37 AM ET; it gave no indication when withdrawals may resume. In recent trading, bitcoin (BTC-USD) trades at close to $62K (+2.4%), ethereum (ETH-USD) +2.7% to $4.32K, and Binance Coin (BNB-USD) gains 3.0% to $533.56. Last week, Bitcoin falls, Shiba Inu extends advance while leverage ratio increases