Bitget Announces WatBird Pre-market Listing

The price of Bitget Token (BGB) suddenly dropped sharply from $1.14 (IDR 17,784) to $0.53 (IDR 8,268) on October 7. What was the cause? Check out this article!

BGB Coin Prices Drop, What's the Cause?

<img src="https://static.bittime.com/cms-static/upload/BGB_Coin_Prices_Drop_What_s_the_Cause_1eab2813fd.webp" alt="BGB Coin Prices Drop, What's the Cause.webp" width="2048" height="1152"><meta charset="utf-8"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;The price of Bitget Token (BGB) suddenly fell sharply from $1.14 (Rp. 17,784) to $0.53 (Rp. 8,268) on October 7. This is a staggering drop of more than 50%.&nbsp;This incident shocked traders and created a wave of concern among investors. After experiencing a drastic decline, BGB prices are starting to show signs of recovery, although the process is slow and full of uncertainty.What happened to these altcoins? Check out the review in this article to find out.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Price Bitget Token BGB Falls 50%</h2>The sudden decline experienced by Bitget Token shocked the market and made many parties alert. Similar incidents have previously occurred in the cryptocurrency world, such as what happened to OKB, the original token of the OKEx platform.&nbsp;Read also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/cats-listing-di-bittime">CATS Listing di Bittime</a>This year, OKB experienced two significant price reductions, namely on July 5 and January 23. At that time, OKB's price plummeted from a high of $48 (Rp. 748,800) to a low of $25 (Rp. 390,000), meaning huge losses for token holders.&nbsp;The price decline that occurred in a short time sparked concerns about market stability among investors.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:12pt;" dir="ltr">What Causes BGB Coin Prices to Drop?</h2>While BGB prices are starting to gradually recover, traders and market analysts are still speculating about the cause behind the sudden drop. Some parties blamed liquidity problems, market manipulation, or large sell orders that caused the price crash.&nbsp;Read also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/pendapatan-mining-bitcoin-stabil">Bitcoin Mining Income Stable, Miner Shares Potential to Rebound</a>It has also been suggested that factors outside the exchange's order book, such as regulatory news or matters relating to the exchange in general, may have played a role in these events. Until now, Bitget has not provided an official statement regarding this incident.Sudden price drop events like this illustrate how volatile and unpredictable the cryptocurrency market can be. Extreme price fluctuations in a matter of minutes are commonplace in the world of digital assets.&nbsp;Therefore, investors need to be careful and always be ready to face high risks. Understanding market dynamics and implementing appropriate risk management is an important step when investing in assets that have high volatility, such as BGB and OKB.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>This situation reiterates the need for sufficient education and information for investors to be able to make the right decisions amidst market turmoil. Moreover, incidents like this remind us that although the potential profits in the world of cryptocurrency can be very tempting, the risk of loss is no less great.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>Want to trade sell<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id"> buy Bitcoins</a> and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!Check the exchange rate<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/btc-to-idr"> BTC to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/eth-to-idr"> ETH to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/sol-to-idr"> SOL to IDR</a> and other crypto assets to find out today's crypto market trends in real-time on Bittime.

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BGB Coin Prices Drop, What's the Cause.webp

Bitget will compensate in the form of USDT and BGB airdrops before October 10, 2024. Read this article to find out more!

Bitget to Compensate by USDT and BGB Airdrop

<img src="https://static.bittime.com/cms-static/upload/Bitget_to_Compensate_b739c06214.webp" alt="Bitget Compensation" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> -&nbsp;Yesterday, Bitget announced that it would provide compensation to BGB token users and investors who experienced losses due to unreasonable fluctuations in BGB token prices.Today, Bitget again announced that it will provide compensation by USDT and BGB airdrop. This compensation will be provided before October 10, 2024. Read this article to find out more!<a target="_blank" rel="noopener noreferrer" href="https://support.bittime.com/hc/id/articles/10813570229391--Memecoin-Civil-War-Team-HMSTR-vs-Team-CATI-Menangkan-Total-Hadiah-50-Juta-Rupiah"><img src="https://static.bittime.com/cms-static/upload/hmstr_vs_cati_010a69d12b.webp" alt="hmstr vs cati.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">BGB Token Price Fluctuations</h2>Yesterday, October 7, 2024, there were abnormal price fluctuations in tokens BGB between 09:53 and 09:58 WIB.&nbsp;These fluctuations have affected some users who have open contract and position leverage involving BGB tokens at the time of the incident.&nbsp;&nbsp;Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/harga-token-bgb-sempat-turun-drastis">BGB Token Prices Dropped Drastically Up to 50% in 5 Minutes!</a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Causes of BGB Token Price Fluctuations</h2>After investigation, Bitget discovered that this incident was caused by several large leverage transactions occurring simultaneously.&nbsp;These transactions set off a domino effect that ultimately led to forced liquidation in various products involving BGB tokens. This forced liquidation effect makes the situation worse, especially for users who have leveraged positions and contracts.Apart from that, Bitget also confirmed that These price fluctuations are not caused by system failure, but rather by the impact of extreme market action. Even so, Bitget will still provide compensation to affected users.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">BGB Token Price Fluctuations, Bitget Give Compensation</h2>As the BGB token issuer, Bitget will provide full compensation to all users affected by these unreasonable BGB token price fluctuations. Users who are eligible for compensation are users who own or use certain products at the time the fluctuation event occurs.Here are some products related to compensation.1. Loans guaranteed by BGB tokens&nbsp;2. Leveraged position with BGB&nbsp;3. Full contract positions as well as isolated contracts with BGB tokens&nbsp;Bitget will distribute such compensation to eligible user accounts in the form of airdrop USDT and BGB. This distribution process is estimated to be completed before October 10, 2024.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/update-bitget-akan-beri-kompensasi-dalam-72-jam">Update on BGB Token Price Fluctuations, Bitget will Provide Compensation in 72 Hours!</a>&nbsp;&nbsp;<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>Want to trade, sell and&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id">buy Bitcoins</a> and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!Check the exchange rate<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/btc-to-idr">&nbsp;BTC to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/eth-to-idr">&nbsp;ETH to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/sol-to-idr">&nbsp;SOL to IDR</a> and other crypto assets to find out today's crypto market trends in real-time on Bittime.

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Bitget to Compensate.webp

Today, the BGB token price dropped dramatically in a short period of time, sparking panic among users. Read this article to find out more!

BGB Token Prices Dropped Drastically Up to 50%

<img src="https://static.bittime.com/cms-static/upload/BGB_Token_Prices_7851aa3edc.webp" alt="BGB Token Prices" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> -&nbsp;Today, the price of BGB tokens dropped drastically in a short period of time, sparking panic among users.&nbsp;Bitget has also taken this incident seriously and promised a thorough investigation and compensation for those affected. Read this article to find out more!<a target="_blank" rel="noopener noreferrer" href="https://support.bittime.com/hc/id/articles/10813570229391--Memecoin-Civil-War-Team-HMSTR-vs-Team-CATI-Menangkan-Total-Hadiah-50-Juta-Rupiah"><img src="https://static.bittime.com/cms-static/upload/hmstr_vs_cati_010a69d12b.webp" alt="hmstr vs cati.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">BGB Token Prices Dropped Drastically&nbsp;</h2>This morning, around 10:53 to 10:58, the price of the BGB token experienced a very significant drop, more than 50% in a matter of minutes. Previously, the BGB token price was in a stable range, but suddenly fell to touch $0.5344.&nbsp;This drastic decline clearly raises concerns for users and investors who hold BGB tokens, considering that this unusual volatility occurred in a very short time.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/harga-ethereum-naik-15-persen-dalam-seminggu">Ethereum Price Rises 15% in a Week, Can it Break the $3K Level?</a>&nbsp;&nbsp;<h2 style="line-height:1.7999999999999998;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">BGB Token Prices Dropped Drastically, Bitget Conducts Investigation</h2>This situation has led to various speculations and questions about what is causing the price of BGB tokens to fluctuate so sharply. There are suggestions that this incident may have been caused by external factors or market manipulation,Bitget, as the platform responsible for the BGB token, said it would immediately begin a thorough investigation to allay the concerns of users and investors.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Compensation Plan After BGB Token Prices Dropped Drastically&nbsp;</h2>Apart from conducting investigations, Bitget also plans to provide compensation to users and investors who experienced losses due to the decline in the price of the BGB token.&nbsp;Xie Jiayin, director of Bitget for the China region, stated that Bitget will develop appropriate compensation plans for users who are directly affected by the price fluctuations of BGB tokens. I&nbsp;Users who engaged in transactions during the period of such BGB token price fluctuations are expected to remain calm as Bitget is processing the data and preparing a compensation plan.&nbsp;Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/harga-bitcoin-diprediksi-raih-ath-baru">Bitcoin Price Predicted to Reach New ATH Later This Year</a>&nbsp;&nbsp;<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>Want to trade, sell and&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id">buy Bitcoins</a> and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!Check the exchange rate<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/btc-to-idr">&nbsp;BTC to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/eth-to-idr">&nbsp;ETH to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/sol-to-idr">&nbsp;SOL to IDR</a> and other crypto assets to find out today's crypto market trends in real-time on Bittime.