Bitcoin Sees Largest Exchange Withdrawals Since FTX Collapse—What’s Next?
Bitcoin’s price performance remains subdued, with the cryptocurrency trading above $97,000 at the time of writing—a roughly 6.5% decline over the past week. The crypto asset has yet to reclaim the $100,000 level it lost earlier this week, leaving market participants uncertain about the near-term direction. Amid this backdrop, one CryptoQuant contributor, known as caueconomy, provided an analysis of a significant development involving Bitcoin’s exchange withdrawals. Related Reading: Bitcoin Still In Bull Market, On-Chain Indicator Confirms Largest Exchange Withdrawals Since FTX Collapse In....
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Crypto exchange Zipmex has now resumed withdrawals for a few altcoins apart from Bitcoin and Ethereum. So far, there are no updates about Bitcoin and Ethereum withdrawals. The halt in withdrawals on Zipmex happened after the two other exchanges Babel and Celsius froze withdrawals. The crypto exchange has now started to allow users to withdraw […]
CaVirtex, one of the oldest and largest Canadian Bitcoin exchanges, disabled Bitcoin withdrawals yesterday. CaVirtex informed their twitter followers of the inconvenience via tweet. Litecoin withdrawals are still allowed, which leads some to believe that CaVirtex hasn't run with funds and is just experiencing a delay. CaVirtex did not give any specific timeline for when Bitcoin withdrawals would be re-enable, though they did give a reason: Hot wallet top off. Also read: Canada's Largest Bitcoin Exchange Now Accepts Litecoin. An Empty Hot Wallet. @kajjeb Recent volume has resulted in our....
Binance, the world’s largest crypto exchange with over 28 million users, said early Monday that it had temporarily suspended all crypto withdrawals on its website. The exchange attributed it to “a large backlog.” We have temporarily disabled all crypto withdrawals on https://t.co/QILSkzx7ac due to a large backlog. Rest assured our team is working on it […]
About 2,822 bitcoins were moved from OKEx within 15 minutes of withdrawals restarting.
Since June 2013, the bitcoin exchange Mt. Gox has been struck by severe problems with fiat currency withdrawals. According to their press release of June 20th, cash withdrawals would be suspended for 2 weeks. On July 4th, a press release stated that withdrawals had fully resumed. Despite this positive tone, it was shortly noted by the user community that few withdrawals seemed to be occurring in a timely manner. Queries to Mt. Gox support since that time have normally been answered with a statement that it is taking several weeks for withdrawals and to please be patient. Unfortunately, as....