US News bloodbath on the crypto market: trading in Ethereum temporarily suspended

14:45  23 february  2021
14:45  23 february  2021 Source:   finanzen.net

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crypto currencies will be sold on a broad front on Tuesday. Not only the best-known representative Bitcoin comes under the wheels.

PHILIPPE HUGUEN/AFP/Getty Images © Provided by Finanz.net PHILIPPE HUGUEN / AFP / Getty Images

In addition to the Bitcoin , the second largest cryptocurrency, Ethereum , also collapsed massively on Tuesday. At its peak, the digital coin loses almost 25 percent of its value compared to the price level of the previous day. The sellers are so active that Binance is pulling the rip cord.

Ethereum sales temporarily suspended

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As the crypto platform Binance announced on Twitter , the sale of Ethereum has meanwhile been stopped. Those responsible named an overload of the network as the reason for this measure. It is possible that so many Ether owners had tried to sell their digital coins at the same time that the network had reached its limits.

#Binance has temporarily suspended withdrawals of $ ETH and Ethereum-based tokens due to high network congestion.

Rest assured funds are #SAFU and we apologize for any inconvenience caused.

Updates to follow.- Binance (@binance) February 23, 2021

"We apologize for the inconvenience this entails," said the platform operator.

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