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Bitcoin Bull Samson Mow Uncovers Reasons behind Recent Market Crash
Renowned Bitcoin (BTC) supporter Samson Mow has highlighted reasons for the recent price downturn in the crypto market.
In a recent post on the X platform, Mow stated that investors reduced their crypto exposure over the weekend due to the fear of war in the Middle East. However, he noted that Bitcoin was the only asset that traded globally on weekends.
Samson Mow Identifies Reasons for Bitcoin Price Slump
In addition to this, Mow emphasized that market participants lack an understanding of the implications of the Bitcoin halving event. For those aware of the implications of the event, Mow stated that they are unsure how it will affect the price of Bitcoin.
Typically, the Bitcoin halving event holds relevance for both the cryptocurrency and miners. This is because as the block reward decreases, miners’ incentives decrease, potentially affecting network security and hash rate. This situation h
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