Binance and Bybit briefly halt withdrawals as Bitcoin drops 13% below $64,000

On February 6, 2026, reports said Binance and Bybit temporarily paused withdrawals during a sharp market sell-off. Bitcoin fell over 13% to below $64,000, and a Binance outage earlier in the week lasted about 20 minutes before services were restored. Binance emphasized liquidity strength as He Yi and Changpeng Zhao addressed social media-driven withdrawal calls.