Algorand (ALGO) is a cryptocurrency launched in 2019. Algorand has a current supply of 10,000,000,000 with 8,574,368,668.786723 in circulation. The last known price of Algorand is 0.19210711 USD and is down -0.41 over the last 24 hours. It is currently trading on 496 active market(s) with $75,264,688.33 traded over the last 24 hours. More information can be found at http://algorand.foundation.
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The crypto market is surging along with the broader financial market after Treasury Secretary Scott Bessent stated during a closed-door meeting that the trade war between the US and China is unsustainable. Bitcoin (BTC) continued its upward trajectory, crossing $93,000, a key resistance level.
The Algorand price has crawled back in the past few days, mirroring the performance of other altcoins. ALGO token was trading at $0.213 on Wednesday, a few points above this month's low of $0.1480. It remains 92% below its all-time high. This article explains why Algorand may rebound soon even as its fundamentals weaken.
The crypto market tanked over the past 24 hours, with the market cap declining almost 3% to $2.63 trillion as bearish sentiment returned. Bitcoin (BTC) peaked at a local high of $86,397 before investors began booking profits.
The crypto market lost momentum over the past 24 hours, as cryptocurrencies, including Bitcoin (BTC), registered notable declines. As a result, the crypto market cap shrunk by just over 1%, falling to $2.58 trillion.