ALGO falls 7.34% to $0.089 amid pre-Fed sell-off
- —ALGO fell 7.34% to $0.089, down 11.99% over the week
- —Trading volume 160% above the monthly average
- —Market liquidations exceeded $450 million, 80% longs
- —45 of the top 50 coins fell on the same day
Why it matters: ALGO is trading as a high-beta play on the market: further movement depends on the Fed's rate decision on September 16.
Source: DiarioBitcoin