• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
New Records in the Crypto Market: Bitcoin and Algorand Amidst Historical Growth

New Records in the Crypto Market: Bitcoin and Algorand Amidst Historical Growth

user avatar

by Giorgi Kostiuk

7 hours ago


The cryptocurrency market is witnessing unprecedented growth, with Bitcoin reaching a new all-time high and Algorand grabbing traders' attention with significant gains.

Bitcoin Sets New Record

This week, Bitcoin (BTC) hit a new record, pushing its price to $118,000. This growth has become a catalyst for interest in cryptocurrency, attracting both investors and analysts.

Algorand's Growth and Parallels with XRP

Algorand (ALGO) has also demonstrated impressive growth of 34%. Chart analysis shows that ALGO is mirroring a pattern previously observed in XRP. ALGO has already broken out of its own falling wedge and reclaimed the 100-day moving average, gearing up for a challenge at the 200-day.

What’s Next for Algorand?

For the bullish trend to continue, ALGO needs to confirm a close above the 200-day moving average, ideally with strong trading volume. This could open additional upside potential, although traders should be cautious until a clear breakout is established.

The cryptocurrency market continues to evolve rapidly, with Bitcoin setting records and Algorand creating potential for further growth. Traders are focusing on key levels that may determine future price directions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

How Airdrops Can Support Your Cryptocurrency Investment Strategy

chest

Airdrops provide an opportunity to receive free tokens, enhancing investment strategies while minimizing risks.

user avatarGiorgi Kostiuk

Speculation Around Jerome Powell's Potential Resignation Causes Stir

chest

New rumors of Jerome Powell's possible resignation generate interest. The White House has commented on the situation amid speculation.

user avatarGiorgi Kostiuk

Czech National Bank's Investment in Coinbase: A New Move in the Crypto Market

chest

The Czech National Bank has announced the purchase of Coinbase shares, reflecting a growing interest in cryptocurrencies.

user avatarGiorgi Kostiuk

Airdrops as a Tool for Funding Education in Cryptocurrency

chest

Airdrops provide financial resources for education in cryptocurrency without significant costs.

user avatarGiorgi Kostiuk

Bitcoin Mining: Russia and China Strengthen Positions Amidst U.S. Decline

chest

Russia and China are strengthening their positions in Bitcoin mining while the U.S. loses ground due to rising energy costs.

user avatarGiorgi Kostiuk

How Airdrops Drive Layer 1 Blockchain Growth

chest

Airdrops are becoming a key tool for Layer 1 blockchain growth, increasing engagement among users and developers.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.