EOS Declines 10% Amid Bearish Market Conditions

EOS was trading at $0.5340 at 12:02 PM (16:02 GMT) on Thursday, experiencing a decline of 10.14% for the day. This marked the largest single-day percentage drop since July 4.

As a result of this downward movement, EOS’s market capitalization decreased to approximately $813.69 million, representing 0.04% of the total cryptocurrency market cap. At its peak, EOS’s market cap was around $17.53 billion.

In the last 24 hours, EOS traded within a range of $0.5340 to $0.5871. Over the past week, the cryptocurrency has seen a 4% decline in value. The trading volume for EOS during the last 24 hours was about $126.07 million, accounting for 0.16% of the total volume across all cryptocurrencies. In the past week, EOS has traded between $0.5337 and $0.6052.

At its current level, EOS is still down 97.68% from its all-time high of $22.98, which was reached on April 29, 2018.

In the wider cryptocurrency market, Bitcoin was last priced at $62,767.7, down 5.43% for the day, while Ethereum was trading at $3,109.34, reflecting a loss of 5.80%. Bitcoin’s market cap was reported at approximately $1.24 trillion, constituting 54.93% of the total cryptocurrency market cap. In contrast, Ethereum’s market cap stood at about $375.52 billion, making up 16.59% of the total cryptocurrency market value.