EOS Price Drops Over 11% Amid Market Decline, Bitcoin and Ethereum Also Slide

EOS saw a significant drop, plunging 11.09% to $0.4347 by 20:52 (00:52 GMT) on Tuesday, marking its steepest one-day loss since March 3. The decline pushed EOS’s market cap down to $693.15 million, making up just 0.03% of the total cryptocurrency market. EOS, once valued at $17.53 billion at its peak, remains down 98.11% from its all-time high of $22.98 set on April 29, 2018.

Over the last 24 hours, EOS traded between $0.4347 and $0.4649, with a total volume of $120.51 million, accounting for 0.08% of all crypto trading. The token has struggled over the past week, dropping 18.75% while fluctuating between $0.4347 and $0.5702.

Meanwhile, the broader crypto market also faced a downturn. Bitcoin slid 5.67% to $76,677.1, while Ethereum tumbled 13.24% to $1,766.97. Bitcoin’s market cap stood at $1.53 trillion, representing 60.92% of the total market, while Ethereum’s valuation totaled $219.16 billion, accounting for 8.75%.

The decline in major cryptocurrencies reflects a volatile market environment, with investors closely monitoring price movements. As EOS struggles to recover, traders remain cautious amid broader market corrections.