The main digital coin erased all the gains done after Elon Musk's February announcement. What are we heading into?
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.
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Quadruple witching is gone and now there are no reasons for the market to hinder. From banks statements and economic data to gas storage reading and Fed’s Powell speech – get ready for active trading.