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Seeking Alpha 2021-05-10 11:53:03

Binance resumes ethereum, Stellar withdrawals after brief suspension on volume

About an hour ago, Binance temporarily suspended ethereum (ETH-USD) and Stellar (XLM-USD) as a large volume of trading caused a withdrawal backlog, the exchange said.About 10 minutes ago, withdrawals resumed, the company said via Twitter.Ethereum is up 5.8% to $4,077.90 in recent trading, and XLM jumps 26% to 75 cents.Bitcoin rises 0.7% to ~$58.3K.The recent surges in ether, dogecoin, and Binance coin have been outpacing bitcoin's performance and gobbling up a larger share of the crypto market.Dogecoin rises 13% to 52 cents after sinking almost 50% when Elon Musk called the alt coin a "hustle" on SNL.

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