Bitcoin's Price Plummets Amid Binance Congestion and Withdrawal Pauses.

Bitcoin fell below $27,500 as investors weighed meme mania and Binance congestion issues that forced the exchange giant to temporarily suspend bitcoin withdrawals over the weekend. Ether followed a similar pattern, falling beneath the $1,900 level it’s held for much of the past seven days. Most major tokens were also trading in the red on Monday, including crypto payment-focused XRP and Polygon’s MATIC, which both tanked over 8%. The PEPE craze appeared to be waning with its market cap dropping to some $878 million after peaking above $1 billion before the weekend.