Shares of cryptocurrency- and blockchain-related companies fell in premarket trading on Monday after Binance halted its bitcoin withdrawals for several hours due to heavy volumes and rising processing fees. The halts pushed Bitcoin, the world's biggest cryptocurrency, down 2 percent to a one-week low of $27,900. Crypto exchange Coinbase Inc fell 4 percent, while blockchain-farm operator Bitfarms Ltd dropped 4.3 percent. Crypto miners including Riot Platforms, Marathon Digital, and Hut 8 Mining declined between 4.6 percent and 7.2 percent, tracking lower bitcoin prices. Binance shut bitcoin withdrawals for an hour late on Sunday.
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