TheMerkle.com:

When the overall cryptocurrency market sentiment sours a bit, it is only normal some projects lose more value than others. Whereas most people have high hopes for Bitcoin, it seems the current momentum doesn’t warrant too much optimism. The EOS price is also going down significantly, but that was somewhat to be expected.

EOS Price Momentum Sours and Follows Bitcoin’s Trend

In the cryptocurrency world, virtually all markets rely on Bitcoin in one way or another. Most of the time, that allows altcoins to turn bullish when Bitcoin does much of the same. However, if the world’s leading cryptocurrency turns bearish, it is only normal all of the other cryptocurrencies will do the same. EOS is a clear example of how dire things can get in quick succession.

Over the past 24 hours, there has been a drastic change where the EOS Click to continue reading on its source location…

Source: https://themerkle.com/eos-price-faces-bearish-pressure-as-all-momentum-sours/