EOS Falls 12% in Largest Daily Drop Since January

EOS Records Significant Daily Loss

EOS experienced a sharp decline, trading at $0.0900 after an 11.50% drop on the day. This marks the cryptocurrency's largest single-day percentage loss since January 29, reflecting broader bearish sentiment in the market.

Wider Market Conditions

The downturn was not isolated to EOS. Major cryptocurrencies also faced losses, with Bitcoin falling 2.35% to $81,020.5 and Ethereum declining by 7.56% to $2,528.69. This suggests a widespread sell-off across the digital asset space.

Impact on EOS Valuation

Over the past week, EOS has lost 17.22% of its value. The current price represents a 99.61% decrease from its all-time high of $22.98, recorded on April 29, 2018. The 24-hour trading volume stood at approximately $234.83K.

Market Outlook

The significant drop in EOS, alongside declines in Bitcoin and Ethereum, indicates heightened volatility. Investors will be closely watching key support levels and macroeconomic factors for signs of market stabilization or further downward pressure.

FAQ

Q: How much did EOS fall?
A: EOS fell by 11.50%, its largest single-day percentage loss since January 29.

Q: What is the current price of EOS?
A: EOS was trading at $0.0900 at the time of reporting.

Q: How does this compare to its all-time high?
A: The current price is 99.61% below its all-time high of $22.98.

Source: Investing.com