The U.S. Federal Reserve hiked the benchmark interest rate by 50 basis points this Wednesday, while Fed policymakers forecasted that the central bank's rate will reach a range of 5% to 5.25% by the end of 2023. This is certainly negative news for riskier assets like stocks and cryptocurrencies, and in the days ahead, Algorand (ALGO) might have a hard time holding above the current support level, which stands at $0.20.<\/p>\n\n\n\n