Bitcoin fell to start the week, extending losses from a sharp drop over the weekend following reports by one of the biggest crypto exchanges in the world about “congestion” on the Bitcoin network. The price of bitcoin was lower by 5.3% at $27,420.73, according to Coin Metrics. It has fallen 7% since Saturday. Ether fell 4.3% on Monday to $1,833.72. Monday's drop came after Binance tweeted Sunday that the Bitcoin network was “experiencing a congestion issue” and that it was temporarily closing bitcoin withdrawals as a result until the network stabilized. Some market participants have argued that the Bitcoin network is stable and Binance should have prepared for a high-fee environment on Bitcoin.

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