Bitcoin Tumbles , As Binance Pauses Withdrawals.<br />Bitcoin fell over 3.8%, its lowest point in nearly <br />two weeks, on May 8, MarketWatch reports.<br />The losses come as Binance paused bitcoin withdrawals two times over the weekend.<br />The largest crypto exchange said the withdrawals were paused because of <br />too many pending transactions.<br />There is a large volume of withdrawal transactions from Binance still pending as our set fees did not anticipate the recent surge in $BTC network gas fees, Binance, via Twitter.<br />Withdrawals have since resumed, Binance said. .<br />While Bitcoin is down nearly 60% <br />compared to its highest level ever in 2021.<br />it's still up more than 70% this year.<br />On May 8, BTCUSD fell as low as $27,650.<br />David Tawil, president of ProChain Capital, says actions <br />by regulators, debt ceiling issues and a looming recession may all potentially impact bitcoin's volatility in the future
