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While global cryptocurrency exchange Binance is recovering from multiple Bitcoin (BTC) withdrawal halts, its US arm Binance is. US sells BTC at a premium.
Bitcoin price on Binance. US is $700 higher than the market price of the cryptocurrency on May 9th. At the time of writing, or around 1:30 AM UTC, Bitcoin is trading at $28,393, according to data from the Bitcoin Binance page. US..
According to data from CoinGecko and CoinMarketCap, the current market price of Bitcoin is $27,722, which is about 2% less than the price of Bitcoin listed on Binance. US.
Highest intraday Bitcoin price on Binance. US was $28,600, while its intraday high of the market price was only $28,004. Meanwhile, Bitcoin’s lowest intraday readings range from a market value of $27,350 to $27,669 on Binance. US.
Related: Binance Stops Bitcoin Withdrawals for the Second Time in 12 Hours
Binance Award. US for bitcoin came shortly after Binance, the world’s premier exchange, ran into serious withdrawal issues on May 7th.
The exchange was forced to close withdrawals due to Bitcoin experiencing an unusual mempool congestion with over 400,000 transactions stuck on the Bitcoin blockchain. This event seems to have prompted Binance to finally consider adding the Lightning Network to its platform, which is designed to speed up BTC transactions and reduce their cost.
