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Bitcoin Drops Below $28K as Binance Announced Temporary Spot Trading Suspension
The world’s largest crypto exchange announced the temporary suspension of spot trading due to an error. Although the team said they are working on resolving the issue, bitcoin’s price dipped immediately by nearly a grand. Binance took it to Twitter to outline the platform issues, which impacted the spot trading features. The company said it suspended such trading while working on a solution. An update from CEO Changpeng Zhao (CZ) shed some more light on the potential nature of the problem. (injected humour and the like).