- Algorand suffered relatively more than others yesterday after 6.69% dip As things stand, SOL (down 3.5%) and TRON (down 2.16%) are underperforming today
- European markets are trending positively as FTSE improves by 0.88%, reaching 7,442.
An update of where yesterday closed ahead of the next session: cryptocurrency markets are down — Nasdaq closed at 11,025, a 1.09% change. After dropping 0.39%, S&P 500 closed at 3,950.
US markets are now currently closed and set to reopen today; meanwhile, European markets are up as FTSE is up by 0.88%, hitting 7,442. Asia-Pacific markets ended a mixed session today whilst ASX 200 added 0.59% to trade at 7,181.3.
While price action maintains a negative bias, United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.974, while the previous figure was 4.192. Fresh 2-Year Note Auction data from United States came out at 4.505.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Initial Jobless Claims projected to come out at 225,000 — worse than previous data of 222,000; data will be released tomorrow at 13:30 UTC.
Moreover, United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.5%; data will be released tomorrow at 13:30 UTC.
Furthermore, United States New Home Sales (Oct) is scheduled for tomorrow at 15:00 UTC.
Yesterday's bearishness meant that Algorand lost 6.69% yesterday before closing at $0.229. As things stand, SOL (down 3.5%), TRON (down 2.16%) are also underperforming today.
Algorand down to $0.229 today, continues bearish run
More of the same today: Algorand USD is grinding lower from $0.245 to $0.229, shedding $0.016 (6.69%) today. Algorand has a market cap of 1.63 billion with an average daily volume of 60.28 million.
Today's losses are adding to a 3 day bearish run, during which TRON lost $0.001 of its value.