As the evening dawns upon the cryptocurrency industry, the carnage slowly becomes more visible. Nearly none of the top markets note any real momentum that is worth taking note of. Especially the EOS price is dealing with a major retrace right now, despite hitting $4 earlier in the week. Reclaiming those losses will not come easy in the slightest, especially not if Bitcoin remains in the red.

EOS Price Loses Over 10% in Quick Succession

Most cryptocurrency traders and enthusiasts had expected some form of correction to kick in. More often than not, such a correction occurs during the weekend, when little to no fresh capital is injected into the markets. It seems this weekend has been a prime target for people looking to cash out profits or trigger a dump of sorts. All markets lost a lot of value, but EOS was seemingly hit a bit…

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Source: https://themerkle.com/eos-price-gives-up-over-12-yet-major-development-proposal-sparks-excitement/