AVAX and ALGO fell nearly 10% on Friday following the release of the latest US inflation figures. According to the data, inflation is currently at 8.6%, approaching a 40-year high. Both AVAX and ALGO were near one-week lows on the news.
AVAX approached a one-week low on Friday as prices fell following the release of US inflation data.
After hitting a high of $25.29 on Thursday, AVAX/USD fell to a low of $22.78 earlier in the session today.
This drop means that the support level of $22.50 is approaching and AVAX has fallen for four consecutive days.