EOS Price Plummets 10.51% Amid Broader Cryptocurrency Market Downturn
EOS Price Plummets 10.51% Amid Broader Cryptocurrency Market Downturn
EOS experienced a significant decline, trading at $0.6845 on the Investing.com Index as of 15:38 GMT on Tuesday. This marked its largest one-day percentage loss since April 8, with the price dropping 10.51%. The cryptocurrency's market cap fell to $1.0806 billion, representing just 0.04% of the total cryptocurrency market cap, down from its peak of $17.5290 billion.
Over the past 24 hours, EOS traded within a narrow range of $0.6844 to $0.8006. Despite this, its weekly performance has been stagnant, with only a 1.74% change in value over the past seven days. Trading volume for EOS reached $283.5993 million, accounting for 0.26% of the total cryptocurrency volume.
EOS remains significantly below its all-time high of $22.98, set on April 29, 2018, with its current price reflecting a 97.02% decline from that peak.
Broader Cryptocurrency Market Trends
The broader cryptocurrency market also saw declines, with Bitcoin and Ethereum posting losses. Bitcoin fell 2.19% to $76,386.6, while Ethereum dropped 5.71% to $1,457.65. Bitcoin's market cap stood at $1,518.7799 billion, representing 62.51% of the total cryptocurrency market cap, while Ethereum's market cap totaled $176.0517 billion, or 7.25% of the total market value.
The downturn in EOS and other major cryptocurrencies highlights the ongoing volatility in the digital asset market, with investors closely monitoring price movements and market sentiment.
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