Bearish Trade Sends EOS Tumbling 10%: Cryptocurrency Markets in Turmoil

EOS Market Cap Plummets to Below $1 Billion Amidst 9.88% Drop in Value Over Past Week

In the world of cryptocurrency, EOS has experienced a significant drop in value, pushing its market cap down to $995.3876M, or 0.09% of the total cryptocurrency market cap. This is a far cry from its highest market cap of $17.5290B. In the past 24 hours, EOS has traded between $0.8839 to $0.9740.

Over the past seven days, EOS has seen a decrease in value, losing 9.88%. At the time of writing, the volume of EOS traded in the past 24 hours was $131.1835M or 0.32% of the total volume of all cryptocurrencies. In the past seven days, EOS has traded in a range of $0.8831 to $1.0380. Despite this, EOS is still down 96.15% from its all-time high of $22.98, which was set on April 29, 2018.

Meanwhile, Bitcoin was last seen at $27,403.9 on the Index, experiencing a 5.22% drop on the day. Ethereum, on the other hand, was trading at $1,813.67 on the same index, experiencing a 5.17% loss.

As for market caps, Bitcoin’s market cap was last at $537.6453B or 46.99% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $222.0903B or 19.41% of the total cryptocurrency market value.

It’s important to note that the cryptocurrency market is highly volatile and can experience sudden drops or spikes in value. Investors should exercise caution and do their own research before making any investment decisions.

Martin Reid

Martin Reid

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