EOS Plummets to 10.28% Daily Loss Amid Broader Crypto Market Downturn
EOS Price Plummets Amid Market Volatility
EOS experienced a significant decline on Sunday, trading at $0.4834 by 14:00 (18:00 GMT) on the Investing.com Index. This represented a 10.28% drop, marking its largest one-day percentage loss since March 3. The cryptocurrency's market cap fell to $753.1706M, representing just 0.03% of the total cryptocurrency market cap.
Over the past 24 hours, EOS traded within a narrow range of $0.4834 to $0.5378. Its weekly performance has been equally bleak, with a 22.86% decline. Despite this, the token's trading volume remained robust, with $74.0885M exchanged in the past 24 hours.
EOS remains far below its all-time high of $22.98, achieved on April 29, 2018, with its current price reflecting a staggering 97.90% drop from its peak.
Broader Crypto Market Trends
The downturn in EOS mirrored broader cryptocurrency market trends. Bitcoin, the leading cryptocurrency, fell 4.28% to $82,355.0 on the Investing.com Index. Its market cap stood at $1,632.3431B, accounting for 60.80% of the total cryptocurrency market.
Ethereum also saw a significant decline, dropping 8.36% to $2,023.29. Its market cap totaled $243.2384B, representing 9.06% of the total cryptocurrency market value.
The recent price movements highlight the ongoing volatility in the cryptocurrency market, with major tokens experiencing significant fluctuations in value.
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