EOS Plummets 10% in Single-Day Loss Amid Broader Crypto Market Volatility
EOS Price Plummets 10.23% in Single-Day Loss
EOS saw a significant decline on Friday, trading at $0.7810 by 17:00 (21:00 GMT) on the Investing.com Index. This marked its largest one-day percentage loss since March 3. The drop pushed EOS’s market cap down to $1.2228B, representing just 0.05% of the total cryptocurrency market cap. Despite this, EOS has shown resilience over the past week, gaining 35.31% in value.
Trading Range and Volume
In the 24 hours leading up to the report, EOS traded between $0.7798 and $0.8676. Over the past seven days, the cryptocurrency fluctuated within a broader range of $0.5412 to $0.8781. The 24-hour trading volume for EOS reached $459.1981M, accounting for 0.43% of the total cryptocurrency trading volume.
Long-Term Perspective
EOS remains significantly below its all-time high of $22.98, achieved on April 29, 2018, with its current price reflecting a 96.60% decline from that peak.
Broader Cryptocurrency Market Context
Bitcoin and Ethereum Performance
Bitcoin gained 2.23% on the day, trading at $84,157.6 on the Investing.com Index. Ethereum also saw a modest increase of 0.40%, trading at $1,818.91. Bitcoin’s market cap dominated at $1,666.1237B, representing 61.96% of the total cryptocurrency market cap, while Ethereum’s market cap stood at $219.2595B, or 8.15% of the total.
Market Dynamics
The cryptocurrency market continues to exhibit volatility, with significant price swings observed across major assets. While Bitcoin and Ethereum showed modest gains, EOS’s sharp decline underscores the unpredictable nature of the crypto landscape. Investors remain cautious as they navigate this complex and ever-changing market environment.
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