Bitcoin Falls Below $27.5K as Investors Weigh Meme Mania, Binance Congestion Issues

The largest cryptocurrency by market capitalization was recently trading at around $27,350, down over 5.5% in the past 24 hours, according to CoinDesk data, as investors continued to mull over a surge in interest in the PEPE meme coin and Binance congestion issues that forced the exchange giant to temporarily suspend bitcoin withdrawals over the weekend.

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Cryptocurrencies: 16,206
Markets: 1,197
Marketcap: $ 3.35 T
24h Vol: $ 458.20 B
BTC Dominance: 55.47%