Bitcoin Price Drops as Binance Halts Spot Trading on a Temporary Basis
On May 19, 2021, the price of Bitcoin dropped significantly as Binance, one of the world's largest cryptocurrency exchanges, announced that it would temporarily halt spot trading due to technical issues. The announcement sent shockwaves through the cryptocurrency market, with many investors and traders scrambling to sell their holdings before the price dropped further.Binance is a popular exchange that allows users to trade a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin. The exchange has been at the forefront of the cryptocurrency industry for several years, and its