EOS, six biggest cryptocurrency with regards to market capitalization, broke below the critical $5 mark and fell to its lowest level in three months at $4.46 on Thursday. Although there were no clear catalysts that might have triggered this drop, a heavy selling pressure surrounding all crypto assets led by Bitcoin seems to be impacting the EOS as well. As of writing, EOS/USD was down 12% on the day at $4.68.
With today’s drop, EOS lost $700 million worth of its market cap, which now stands around $4 billion. The total market capitalization of all cryptocurrencies, meanwhile, fell below $200 billion for the first time since mid-September, according to the data available on CoinMarketCap.
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