Cryptocurrency Market Update: EOS Facing Significant Losses
EOS Plunges 10% in Selloff
EOS took a hit in trading, dropping to $0.9707 by 14:55 (18:55 GMT) on the Investing.com Index on Saturday. This marked a 10.07% decrease in value, the most significant drop since January 3.
Market Cap and Trading Performance
The downward trend saw EOS’s market cap dwindle to $1.1129B, representing 0.04% of the total cryptocurrency market cap. In contrast, its market cap had previously soared to $17.5290B.
Trading within a range of $0.9707 to $1.0863 in the last twenty-four hours, EOS experienced a notable decline in value over the past week, amounting to an 18.22% loss.
With a trading volume of $238.0481M in the past day, equivalent to 0.17% of the total cryptocurrency trading volume, EOS fluctuated between $0.9707 and $1.2638 within the last seven days.
Despite its current price, EOS remains significantly lower, down by 95.78% from its peak of $22.98 recorded on April 29, 2018.
Overview of Other Cryptocurrencies
Bitcoin saw a decline to $66,708.4 on the Investing.com Index, marking a 5.04% decrease in value, while Ethereum dropped to $3,570.42, reflecting a 5.60% loss.
Bitcoin’s market cap stands at $1,317.0440B, representing 52.17% of the total cryptocurrency market cap, whereas Ethereum holds a market cap of $432.2746B, which accounts for 17.12% of the total market value.
