EOS Plunges Over 10% as Crypto Market Sees Mixed Movements

EOS dropped 10.03% to $0.5672 by 21:34 (01:34 GMT) on the Investing.com Index, marking its steepest one-day decline since March 3. The downturn dragged EOS’s market cap to $888.72 million, representing just 0.03% of the total cryptocurrency market. Once valued at $17.53 billion at its peak, EOS remains down 97.53% from its all-time high of $22.98, recorded on April 29, 2018.

Despite the sharp drop, EOS had gained 15.18% over the past week, trading between $0.4719 and $0.6634. Within the last 24 hours, its price ranged from $0.5667 to $0.5833, with a daily trading volume of $435.04 million—accounting for 0.42% of the entire crypto market's volume.

Meanwhile, Bitcoin surged 4.19% to $86,076, pushing its market cap to $1.71 trillion, or 60.68% of the total crypto market. Ethereum followed suit, climbing 4.94% to $2,028.31, with a market cap of $245.83 billion, making up 8.71% of the market.

EOS’s volatility highlights the unpredictable nature of the crypto market, with sharp price swings driven by investor sentiment and broader industry trends. As the crypto space remains dynamic, traders continue to monitor key price levels for potential opportunities.