Eos sinks as cryptocurrencies continue sell off
Eos was the biggest faller among the top 10 cryptocurrencies by market capitalisation on Thursday, leading the sector broadly lower.
The digital currency has fallen nearly 25% over the past two days as eos joins the most recent crypto-market rout that started with Tuesday’s announcement by the US Securities and Exchange Commission that it was delaying a decision on whether to allow the listing of a bitcoin exchange-traded fund (ETF).
It has been a rough couple of days for many altcoins. Ripple has suffered on the suspected block selling by a so-called market “whale” and fell 26% over just three trading sessions.
Here’s how the market was shaping up by 11.30am [London time] on Thursday:
- Bitcoin -3% at $6,311
- Ethereum -3% at $358.22
- Ripple -2.9% at $0.34
- Bitcoin cash -3.5% at $594.78
- Eos -8% at $5.58
- Stellar lumens -4.9% at $0.21
- Litecoin -6.1% at $62.01
- Cardano -0.1% at $0.12
- Tether unchanged at $1
- Iota -1.1% at $0.63