On June 13, Binance CEO Changpeng Zhao tweeted in support of Bitcoin (BTC) and other cryptocurrencies after the hard fork. The current situation of the cryptocurrency market makes it extremely difficult to both get information and make the right investment decision.
Most coins and tokens have touched their all-time lows with huge downturns and volatilities. The world’s largest cryptocurrency exchange, Binance, has already announced plans to delist some of the coins because of their low performance. On the other hand, the Bitcoin community seems to remain strong and optimistic about the bright future of cryptocurrencies.
He tweets:
Some climbing ahead. Not the first time, won’t be the last. We will get there.
— CZ 🔶 Binance (@cz_binance) June 13, 2022
On the same day, he also made another tweet about the temporary pause of Bitcoin (BTC) withdrawals on Binance due to the issue of transaction backlog. Furthermore, Binance’s CEO will make a formal announcement on the matter as soon as possible.
In addition, “This is only impacting the Bitcoin network. You can still withdraw Bitcoin on other networks like BEP-20,” said the CEO.
At the time of writing, the Bitcoin price is $23,412.30 with a 24-hour trading volume of $63,374,909,247. Bitcoin is down 13.68% in the last 24 hours.
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