Crypto
BGB Token Price Under Fire as Bitget Hack Intensifies Selling Pressure
The BGB token price is facing increased pressure to fall below $1 due to the recent Bitget hack, which has raised concerns about trust and confidence in the market.
The token's price remains trapped below the $2.00-$2.20 resistance belt within a falling wedge that began after its late-2024 peak near $8.50.
The hack, which resulted in a loss of around $357-$387.5 million, has further exacerbated selling pressure on the token and impacted market confidence.