Bitget Token Surges Past $5 Amid Coinbase Security Breach—Speculators Pounce

Another day, another crypto hack—but this time, Bitget’s token is riding the chaos. The exchange’s native asset spiked 20% in under an hour after news broke of Coinbase’s latest security lapse. Opportunistic traders piled in, because nothing fuels a bull run like schadenfreude and fresh liquidity.

Technical indicators now show BGB testing resistance at $5.30—a level not seen since the 2024 derivatives frenzy. Market makers are whispering about a potential breakout if Bitcoin holds steady, though let’s be real: half these ’analysts’ still think ’FUD’ is a breakfast cereal.

Where next? Either a retracement to $4.80 support or a moonshot toward its ATH at $6.75. Either way, grab popcorn—this volatility isn’t organic, it’s fueled by that classic crypto cocktail: other people’s misfortune and institutional-grade FOMO.

Bitget Price Prediction: Bitget Token Pumps Above $5 On Coinbase Hack News, What’s Next?

While the Bitget price has risen strongly in the wake of yesterday’s Coinbase news, it’s hard to say whether the two facts bear any real connection.

Bitget itself suffered its own incident at the end of April, when eight accounts profited to the tune of $20 million after manipulating VOXEL trading on the platform.

The cryptocurrency exchange Bitget said it would issue eight lawyers’ letters, saying they were the main instigators of the VOXEL incident and had gained more than $20 million from it. Bitget will distribute 100% of the recovered funds to platform users in the form of airdrops.… https://t.co/idxkaqbk3k

In other words, Bitget itself isn’t immune to exploits that can endanger user funds, so it doesn’t really make sense for its native token to surge at the expense of Coinbase.

Nonetheless, BGB has certainly rallied today, continuing a trend that began ever since Donald TRUMP won the US presidential election on November.

If we look at its chart today, we see that it has only just recovered strong momentum after a period of decline that lasted a couple of months.

Its relative strength index (purple) is rising back towards 70 today, having risen from 40 only a few days ago.

And with its 30-day average (orange) also beginning a climb, it looks like its current rally may have several days (if not longer) left to run, before overbuying sets in.

Speaking more fundamentally, there are several reasons to be bullish about Bitget Token, given Bitget’s recent growth as an exchange.

For example, it obtained a Bitcoin Service Provider from El Salvador in December, while it has established an EU hub in Lithuania as it seeks to expand throughout Europe and comply with the new MiCA regulations.

This all bodes well for the platform’s future, with CoinGecko listing the exchange as the second-biggest in the market, in terms of 24-hour trading volume.

Accordingly, the Bitget price could reach $6 by the end of June, before reaching $8 again by Q4.

A New Wallet Token that Could Storm the Market Soon

Bitget Token certainly continues to look promising, but there are also other alts that could do very well over the summer and fall, including a handful of exciting presale coins.

One of these is Best Wallet Token (BEST), an ERC-20 coin that has raised $12.3 million in its hugely popular ICO.

Over $12M Raised and Counting!

Best Wallet is becoming the go-to for traders who want speed, simplicity, and early access to what matters:

Buy new tokens early, directly in-app
Buy and swap across chains in one place
Full portfolio control, no clutter

Download… pic.twitter.com/RDGvIhPLRo

BEST is the token of the popular Best Wallet app, which since launching in 2023 has now grown to serve 250,000 monthly active users.

Holding BEST will provide a range of benefits to Best Wallet users, including discounts on transaction fees, greater staking yields, governance rights, and early access to new tokens.

These perks will help to draw new users to Best Wallet, which in turn will draw users to BEST, helping to boost the token’s price in the long run.

Bullishly, Best Wallet’s official X account has just over 63,000 followers, a sign of how popular it and its native token could become soon.

There isn’t much time left until the sale ends, but investors can still join at the Best Wallet Token site.

BEST is now selling at $0.025035, but this price will rise again tomorrow, and will continue to rise steadily until the sale ends.