This week has been eventful in the crypto market. Many cryptocurrencies have recorded massive losses since Monday, September 19.
The Merge on September 15 kickstarted another downtrend for crypto prices. Afterward, CPI data made the feds hike the interest rate by 75 basis points, sending assets price downwards.
But as these macroeconomic factors push many digital assets down, others resist the pressure and move forward instead.
Algorand ALGO is one of these assets, recording price gains in its 24 hours movements. But BTC and ETH haven’t fared well. For instance, on September 20 and 21, Bitcoin lost its grip on $19K, falling to $18K.
On September 22, BTC climbed again to $19K, an intraday high, and did not hold on to that level till press time. Currently, the BTC price is again bounced to $18,914, representing a 1.91% loss in 24 hours.
Algorand’s ALGO Not Affected By Macros
While many cryptocurrencies bleed, ALGO is recording positive price movements. Currently, the ALGO price is...
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