EOS Falls 10% in Bearish Trade
EOS Market Cap Decline
EOS, a popular cryptocurrency, experienced a significant drop in its value on Tuesday. By 21:23 (01:23 GMT), EOS was trading at $0.5865, marking a 10.20% decline in just one day. This was the largest single-day percentage loss since April 13.
At its peak, EOS's market cap reached a whopping $17.5290 billion. However, after the recent drop, its market cap reduced to $678.1062 million, constituting just 0.03% of the total cryptocurrency market cap.
Trading Range and Weekly Performance
In the last twenty-four hours, EOS has traded in a range between $0.5852 and $0.6177. Over the past week, EOS saw a decrease of 14.8% in its value. The total volume of EOS traded in the said period was $148.2932 million, which is 0.18% of the overall trading volume for all cryptocurrencies. For the past seven days, EOS traded between $0.5852 and $0.7153.
Comparison to All-Time High
Looking at the bigger picture, EOS is still down by a staggering 97.45% from its all-time high of $22.98, which was recorded on April 29, 2018.
Bitcoin and Ethereum Updates
The trading day also saw declines in other major cryptocurrencies:
- Bitcoin was last recorded at $65,545.0, down 1.40%.
- Ethereum was trading at $3,450.03, showing a loss of 4.45%.
Bitcoin’s market cap was noted at $1,295.4251 billion, which is 54.65% of the total cryptocurrency market cap. Meanwhile, Ethereum’s market cap stood at $416.3172 billion, making up 17.56% of the total market value.
Key Takeaways
- EOS drops 10.20%, largest since April 13.
- EOS's market cap now at $678.1062 million, down from highest of $17.5290 billion.
- EOS trading volume at $148.2932 million in 24 hours.
- Bitcoin and Ethereum also experience declines.
This significant dip in EOS and other cryptocurrencies highlights the volatile nature of the crypto market, making it essential for investors to stay informed and make cautious decisions.
For more updates on cryptocurrency trends and market analyses, stay tuned.
