Bitget Token (BGB) Falls 52% Due to “Slow Market,” Crypto Exchange Says, While Promising Compensation

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By Maya Cantina

Flash crashes are not unusual in cryptocurrencies, although it is often difficult to explain why many holders of an asset suddenly decide to sell it. In BGB’s case, the catalyst was likely “overall market slowness” resulting from the holidays and Golden Week in Asia, among other factors, Ryan Lee, chief analyst at Bitget Research, said in an email. .

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