Flash crashes aren’t unusual in cryptocurrencies, although it is often difficult to explain why many holders of an asset suddenly decide they want to sell. In BGB’s case, the catalyst was likely “overall market sluggishness” stemming from holidays and Golden Week in Asia, among other factors, said Ryan Lee, chief analyst at Bitget Research, in an email.
Related posts
-
Crypto Custody Firm Copper’s CEO Dmitry Tokarev Plans to Step Down
There have been other executive departures of late. Last month, founding partner and chief commercial officer... -
Crypto All-Stars Presale Raises $2M in Under Two Months – Best Meme Coin to Buy?
It’s rare for a new project to grab attention... -
Donald Trump Leads Kamala Harris on Prediction Market Polymarket After Musk Endorsement, but Trails in Key State
Republican presidential candidate Donald Trump is leading Democratic rival Kamala Harris by 2.5 percentage points in...