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Binance Faces Outages as Bitcoin Price Crashes By 13%, Exchange Suspends ETH Withdrawls

source-logo  coingape.com 22 February 2021 16:14, UTC

Bitcoin price crashed by 13% to trade under $50,000 registering a daily low of $48,900. The price volatility is being attributed to the upcoming expiration of nearly $3 billion worth of Bitcoin Options this Friday. The sharp price crash also led to a Binance outage as traders were unable to access the exchange for quite some time.

coingape.com