Crypto exchange Bitget pledged to compensate holders of its native Bitget Token who suffered losses during a flash crash on Monday.Crypto exchange Bitget promised to compensate holders of its native Bitget Token for losses suffered during a slump of as much as 52% on Monday.
BGB plummeted to as low as $0.54 from $1.14 in 15 minutes at around 02:30 UTC, data on TradingView show. It rebounded to $1.04 and was recently trading around $1.06.aren’t unusual in cryptocurrencies, although it is often difficult to explain why many holders of an asset suddenly decide they want to sell.
“Occasional price dips are expected in any asset ... Despite this brief downturn, BGB has quickly stabilized, proving its resilience and the confidence our community has in its long-term potential,” Lee wrote.. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets.