- EOS suffered relatively more than others today after 8.88% dip LTC (down 7.97%), XRP (down 5.56%) also underperformed today.
Today's market activity meant that markets did not have a clear cut direction — Dow Jones lost 0.23% and ended the session at 33,900. Nasdaq closed at 12,157 after a flat day.
Trading in the US will continue tomorrow in around 15 hours time, meanwhile upbeat Asia-Pacific markets ended today higher as ASX 200 has no obvious direction, trading at 7,365.5
3Rd quarter earnings season is mostly over, with Watsco, Inc. and FirstEnergy Corp releasing their earnings reports just this week.
Ambiguous macro data is influencing the market as United States Crude Oil Inventories fell short of the -1 million projections, with new data of -4.58 million. United States Building Permits (Mar) came out at 1.41 million, while a consensus of analysts was expecting 1.45 million. United States 20-Year Bond Auction released today at 17:00 UTC with a figure of 3.92, while the previous figure was 3.909.
Data to be released tomorrow might clear up some of the market fog as United States Philadelphia Fed Manufacturing Index (Apr) will be released tomorrow at 12:30 UTC. United States Existing Home Sales (Mar) is scheduled for tomorrow at 14:00 UTC. United States Initial Jobless Claims expected to decline to 240,000 while its preceding data was 239,000, data will be available tomorrow at 12:30 UTC.
With price action largely muted in today's session, several assets struggled to find momentum as EOS lost 8.88% today before closing at $1.11. LTC (down 7.97%), XRP (down 5.56%) also underperformed today.
A deflationary day for EOS, losing 8.88%
EOS slides 8.88% and suffers largest single-day drop since December 2022 today's losses are adding to a 7 day bearish run, during which EOS lost $0.041 of its value.
LTC | Currently down 8.48% at $93.15
LTC crashes after losing $8.63, breaking down to $93.15.