The bitcoin withdrawal services offered by Binance were momentarily halted on the morning of Sunday, within the temporal bounds of the United States, owing to the fact that the bitcoin blockchain had become thoroughly saturated with an abundance of pending transactions that were exacerbated by preposterously exorbitant transaction fees. However, Binance swiftly resumed the aforementioned withdrawal services within the timeframe of two hours following the initial disclosure of the pause via its Twitter handle.
According to the data present on the blockchain, there exists a staggering quantity of nearly 400,000 unconfirmed Bitcoin transactions that are currently in limbo, which surpasses the levels witnessed during the surges of bullish activity experienced by the market in the years of 2018 and 2021.
