There may be a short break in Bitcoin transfers on Binance on November 3 for about 30 minutes.
Binance says in an official blog post that it will be doing regular wallet maintenance on that date, which is why withdrawals will be temporarily stopped.
On November 3 at 2:00 a.m. (UTC), Binance will do maintenance on the Bitcoin (BTC) network’s wallets. The work will take about 30 minutes. Because of this, transfers from the Bitcoin (BTC) network will stop at 2:00 a.m. (UTC) on November 3.
The Bitcoin (BTC) network will still be able to accept payments and trade digital assets during the maintenance.
Binance says that withdrawals will be available again after the maintenance is done, but users may not be told in a separate statement.
What the Bitcoin price does
Bitcoin hit a new all-time high of $35,997 early Thursday morning. Bitcoin (BTC) prices have gone up since the start of the week, pushing them over the $35,000 mark. This was the last stop in their two-week upward path.
Bitcoin was worth about $35,423 at press time, which is 2.88 percent more than it was 24 hours before.
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Like everyone thought they would, the Federal Open Market Committee (FOMC) of the US Federal Reserve kept the base fed funds rate the same on Wednesday.
Fed Chairman Jerome Powell said at the news conference after the FOMC that rising U.S. Treasury yields have made financial conditions tighter, but he left the door open for another rate hike if needed.