BGB Token Price Faces Fresh Pressure Amid Bitget Hack Fallout

The BGB token price has come under renewed pressure as it struggles to break through the $2.0-$2.20 resistance belt, a key technical level that could determine its short-term trajectory.

This zone closely tracks the middle trendline of a falling wedge that developed since late 2024, when BGB peaked at around $8.50.

The token's prospects have been further clouded by the Bitget hack, which saw over $357 million stolen in Ethereum (ETH).

The hacker has reportedly been swapping the stolen ETH into BTC, raising concerns about fund recovery and adding another layer of selling pressure on BGB.