This Bitcoin Layer-2 Token Rises 5% Amid Binance’s Pause On BTC Withdrawals

Stacks (CRYPTO: STX) a Bitcoin (CRYPTO: BTC) layer-2 token, has seen a 5% rise in the past 24 hours and is currently the top-performing asset among the top 100 cryptocurrencies, according to CoinMarketCap data. What Happened: The increase in value comes amid Binance halting Bitcoin withdrawals twice in a single day due to high volumes and an increase in processing fees.