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Samson Mow on Bitcoin Crash: ‘Supply Shock Is Coming’
The recent announcement by the world’s largest cryptocurrency by market capitalization, Bitcoin, of another purchase has sparked a significant reaction in the market. As seen over the past six weeks, whenever this happens, traders have found ways to rebalance their pricing to the average purchase price.
As it remains uncertain if another purchase will be unveiled in the coming week, the market is likely to rebalance ahead of the potential buy-up announcement.
Source: u.today
