EOS Drops 14% Amidst Bearish Trading Sentiment, According to Investing.com

Investing.com – By 21:46 (01:46 GMT) on Friday, EOS had declined to a trading value of $0.8090, according to the Investing.com Index. This represented a slump of 14.38% for the day, marking the steepest single-day drop since April 13.

The downturn in EOS’s value reduced its market capitalization to $903.2752M, accounting for 0.04% of the entire cryptocurrency market’s capitalization. EOS’s market cap had previously peaked at $17.5290B.

EOS experienced significant fluctuations within the last day, with trading ranging between $0.8001 to $0.8425.

In the last week, EOS has witnessed an upward trend, appreciating by 8.61%. The 24-hour trading volume for EOS at the time of this report was $464.8529M, which is 0.57% of the aggregate trading volume across all cryptocurrencies. This past week, the trading range for EOS was between $0.7724 and $0.9596.

Considering the current trading price, EOS remains 96.48% below its record high of $22.98, set on April 29, 2018.

Other Cryptocurrency Market Developments

Within the same index, Bitcoin’s latest valuation was at $64,500.5, indicating a rise of 0.68% for the day.

Ethereum registered a trade price of $3,151.08 on the Investing.com Index, down by 0.19%.

As for the market cap, Bitcoin reached $1,266.1910B, which is 53.62% of the total market cap of cryptocurrencies, while Ethereum’s market cap attained $383.3149B, representing 16.23% of the overall market value of cryptocurrencies.