Bitget Token (BGB) Tumbles 52% on ‘Market Sluggishness,’ Crypto Exchange Says, While Promising Compensation

Flash crashes aren’t uncommon in cryptocurrencies, though it’s typically tough to clarify why many holders of an asset all of a sudden resolve they need to promote. In BGB’s case, the catalyst was seemingly “overall market sluggishness” stemming from holidays and Golden Week in Asia, amongst different elements, stated Ryan Lee, chief analyst at Bitget Analysis, in an electronic mail.