EOS Plunges 10.14% Amid Market Downturn

EOS saw a sharp decline on Monday, dropping 10.14% to $0.5645 by 14:17 (19:17 GMT) on the Investing.com Index. This marked its steepest one-day loss since March 3. The downturn pushed EOS’s market capitalization to $889.91 million, accounting for just 0.05% of the total cryptocurrency market. At its peak, EOS boasted a market cap of $17.53 billion.

Over the last 24 hours, EOS traded between $0.5645 and $0.6461, while in the past week, it ranged from $0.5116 to $0.6461, shedding 3.87% over seven days. Trading volume in the past 24 hours reached $145.42 million, making up 0.06% of the total crypto trading volume. Despite recent fluctuations, EOS remains down 97.54% from its all-time high of $22.98, recorded on April 29, 2018.

The broader crypto market also experienced losses. Bitcoin dropped 7.17%, trading at $86,833.00, while Ethereum tumbled 12.86% to $2,167.92. Bitcoin’s market capitalization stood at $1.73 trillion, representing 90.64% of the total crypto market, with Ethereum’s market cap at $264.66 billion, or 13.89% of the market share.

EOS’s latest downturn reflects ongoing volatility in the cryptocurrency market. As Bitcoin and Ethereum also face significant losses, investors remain cautious about near-term price action.