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EOS Price Soars 20% as Bitcoin Price Struggles at $21,000

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The majority of alternative cryptocurrencies are currently trading in the green on a daily scale, with EOS emerging as the most notable gainer following a price increase of more than ten percent. After falling below the $21,000 mark on many times yesterday, Bitcoin has returned to its previous position and is currently consolidating around that level.

The principal cryptocurrency experienced a precipitous decline during the past week, dropping from a multi-week peak of almost $25,200 to a multi-week low of less than $21,000. Everything took place in a timeframe of fewer than seven days.

As a consequence of this, by the time the weekend arrived, the market for the asset had settled down and was predominantly trading in a band between $21,000 and $22,000. Additionally, there were no firecrackers to be found at the beginning of this week. The price of bitcoin dropped below $21,000 on more than one occasion yesterday, but it was able to quickly rebound from those losses.

As of right moment, the value of the cryptocurrency has increased to above $21,000 and is currently $500 higher than that. As a direct result of this, its market capitalization has maintained its position at $400 billion. Its preeminence over alternative cryptocurrencies has also taken a momentary break and is currently just over 40%.
Although there was a modest retracement in the alternative coins yesterday, the majority of them are now in the green today.

After reaching a high of over $2050 during the last weekend, Ethereum experienced a decline of over $500 at one point. After a daily climb of 5.5%, however, the second most valuable cryptocurrency is now trading with assurance above $1,600.

After a little increase, the price of Binance Coin is now only centimeters away from reaching $300 once more. A number of other cryptocurrencies, including Ripple, Cardano, Solano, Dogecoin, Shiba Inu, and Avalanche, are currently showing gains.

In just one day, the price of Polkadot, Polygon, and Avalanche has increased by more than 5%. After a huge 21% increase, EOS has emerged as the most significant winner among the mid-cap alternative cryptocurrencies. As a result, EOS trades close to $1.8.

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Another stock that has done quite well recently is ATOM, which has had its price rise by 15% every single day and is now worth more than $11.

After an increase of $30 billion in just one day, the total value of the cryptocurrency market cap has remained above $1 trillion.

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