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Recently, Binance, the world's largest cryptocurrency trading platform, suspended Bitcoin's withdrawal service twice due to network congestion. This has sparked market attention and concerns

On the evening of May 7th at 21:13 Eastern Time, Binance, the world's largest cryptocurrency exchange, announced through its official social media account that due to the large volume of transactions waiting to be completed, the extraction of Bitcoin (abbreviated as BTC) on the platform has been suspended, and the team is studying a solution and will resume Bitcoin extraction as soon as possible.At 22:39, Coin An continued to post a tweet stating that due to the company's previously set fees not taking into account the recent surge in gas fees on the Bitcoin network, there are still a large number of Bitcoin extraction transactions that have not been completed, and the team is still working to accelerate the confirmation of all pending transactions

Bitcoin successfully pulled back after falling below $26000 over the weekend, reaching a maximum challenge of $27200. However, it continued to decline and failed to stabilize at $27000

BTC has encountered a rebound at 25000, which indicates that the support at 25000 is effective support. It will touch the support point multiple times around this point and finally complete a new trend

The number of Bitcoin (BTC) wallet addresses holding at least 1 BTC has reached the million mark, indicating that investors are optimistic about flagship crypto assets.Despite the recent sharp drop in the prices of Bitcoin and other cryptocurrencies, on chain data released by blockchain analysis platform Glassnode indicates that investors' interest in this highly volatile digital asset class remains strong

Last week, Bitcoin was bearish after failing to break through $30000.The BTC whale has contributed to sustained selling pressure

Bitcoin prices have rebounded above the resistance level of $27000. BTC must clear the resistance level of $27800 to begin a significant increase in the short term

With the growth trend of new tokens such as PEPE or BRC-20 tokens, the price trend of Bitcoin has stagnated. As tokens approach the validation bearish pattern, it is expected that the price trend of popular tokens will continue to fluctuate

Daily level:At the daily level, from the perspective of sub level structure, two hubs have been constructed, and there has been a divergence between the yellow entering segment and the blue leaving segment of the hub. The price has also fallen below the support of 26500, and the pullback has been relatively dark

With the realized market value of Bitcoin reaching $389.4 billion, there has been a cyclical growth pattern, with diminishing returns in various periods, and the market continues to be bearish

The article was edited at 11:50 am on March 11, 2022. There was a delay in the publication of the article, and the real-time strategy was the main focusLast night, the US Department of Labor released the latest data, stating that the CPI rose 4

With the upgrading of Ethereum, the development momentum of the digital currency market is becoming stronger, and more and more investors are paying attention to the trading of digital assets. As an important component of digital currency trading platforms, BitTree is highly favored by investors for its security, convenience, and flexibility