Bitcoin Lingers Near $28,000; Binance is Hit With Trading Halt
- Glitch on Binance platform took over two hours to fix
- Bitcoin liquidity presently at 10-month lows, Kaiko says
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Bitcoin traded around the $28,000 mark with concern about financial stability fueling bets that major central banks will need to stop increasing rates amid rising recession anxiety.
The largest cryptocurrency briefly spiked 3% lower earlier, when Binance halted all spot trading on its platform because of a technical glitch. The firm said trading on the exchange would resume around 10 a.m. New York time, after the more than 2-hour halt.