The head of the Federal Reserve Jerome Powell will testify on the Semiannual Monetary Policy Report on Tuesday and Wednesday
EOS goes down 21%
On Tuesday, on the Investing.com Index, EOS was seen at $2.4331 by 11:29 GMT inching down by approximately 20.72% on the day. For this crypto asset, it turned out to be the most impressive one-day percentage tumble since June 10.
Apparently, the given move downwards pushed this digital coin’s market capitalization down to about $2.3536B, or to put that another way 1.83% of the overall crypto market capitalization. Moreover, we should note that this crypto asset’s market capitalization amounted to $17.5290B at its highest.
The digital coin had fluctuated in a band $2.4209-$2.7688 for the previous twenty-four hours.
For the last seven days, EOS has faced a rise in its market value, as it managed to shot up by up to 4.35%. By the way, in the twenty-four hours to time of writing, the entire volume of EOS traded accounted for $1.0622B or simply 4.73% of the overall volume of all digital coins. We should add that for the last seven days the given crypto asset has traded in a band $2.4209-$3.1032.
By the way, at its current price, the digital currency is still down 89.41% from the all-time maximum of $22.98 recorded on April 29.
Now, it’s high time to have a closer look at other crypto assets.
As a matter of fact, on the Investing.com Index, the most popular cryptocurrency, Bitcoin was seen at $3,714.2, decreasing by nearly 10.94% on the day.
In addition to this, XRP reached $0.36773 on the Investing.com Index, demonstrating a loss of about 16.41%.
It has been recently reported that Bitcoin's market capitalization accounted for up to $66.4929B, which stands for up to 51.69% of the entire crypto market capitalization. On the other hand, XRP's market capitalization managed to hit $15.4247B, which stands for about 11.99% of the overall cryptocurrency market value.
The United States will publish the non-farm employment change, also known as non-farm payrolls (NFP) at 15:30 MT time on February 7.
The level of non-manufacturing PMI for the United States by the Institute of Supply Management will be published at 17:00 MT time on February 5.
The Federal Open Market Committee will publish its meeting minutes on February 19, at 21:00 MT time.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
Tesla stock drops in premarket trades on Thursday. Why? See the article (it's short) and use it to your advantage.