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March 14, 2023
On a 4 day uptrend, Today's session might suggest a slow down — Algorand trades at $0.212, after ending today at $0.213.
United States Consumer Price Index is next today at 12:30 UTC.
This uncertain state for Algorand is reflected by published market data as United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
While Algorand is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Bitcoin gained 1.24% and is now trading at $24,500.
Furthermore, the market is looking at tomorrow at 12:30 UTC data for United States Retail Sales will be released, with an expected decline to -0.3% from the preceding figure of 3%. Tomorrow at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to -0.1% from the preceding figure of 2.3%. United States Producer Price Index expected to decline to 0.3% while its preceding data was 0.7%, data will be available tomorrow at 12:30 UTC.
Pointing downwards for around a month. Over the past 11 months, Algorand has retreated 77.56% from a noteworthy peak of $0.95.
