by Rushali 
Tesla’s announcement of purchasing bitcoins has increased so much traffic and network congestion that many biggest crypto exchanges are facing technical issues after bitcoin hits fresh record highs.
According to the tweets for Binance, Gemini, and Kraken the platforms have faced difficulties on the web after surged demand for BTC.
Binance disabled withdrawals for a short period and then resumed the services.
The problems happened after Tesla said in a filing with the U.S. Securities and Exchange Commission that it has invested $1.5 billion in bitcoin and will keep it for the long term.
News spread and the price of bitcoin rise around 15% to touch an all-time high of $47000.
