#MarketPullback Shocking decline of the EOS currency by 10% amid sharp selling waves.
The EOS digital currency experienced a sharp decline of 10.01% during trading on Saturday, recording its lowest levels at $0.7243, marking the largest daily loss in some time. This decline came amid intense selling, which pushed its market value down to $1.14 billion, representing only 0.03% of the total cryptocurrency market, compared to a previous all-time high of $17.53 billion.
EOS's price fluctuated between $0.7243 and $0.7526 over 24 hours, while trading volume reached $94 million, which is 0.06% of the total market trading. Over the week, the currency continued its decline, moving between $0.7219 and $0.8456.
In a broader context, the downward wave reflected on leading currencies; Bitcoin fell by 2.85% to $107,724.5, while Ethereum dropped by 4.48% to $2,548.37. Bitcoin controls 63.03% of the sector's market value ($2.14 trillion), followed by Ethereum at 9.07% ($307.75 billion). This decline highlights new challenges for investors amid sharp market fluctuations.