Bitget Token Plunges 52% Amid Market Downturn: Exchange Offers Compensation
The cryptocurrency market experienced a significant downturn on Monday, with the Bitget Token (BGB) plummeting by 52%. This sharp drop caused significant concern among BGB holders and sent shockwaves through the broader cryptocurrency community. In response, Bitget, the exchange behind the token, quickly announced a compensation plan to provide relief to affected holders.
Bitget attributed the dramatic price drop to “market sluggishness” and broader crypto market volatility. The exchange has assured its users that steps will be taken to address their losses. Bitget’s compensation...