RATE Group | Bitcoin Price Corrects to $9,200 while EOS Drops 15%, Market Moves Toward $430 Billion
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Bitcoin Price Corrects to $9,200 while EOS Drops 15%, Market Moves Toward $430 Billion

30 Apr Bitcoin Price Corrects to $9,200 while EOS Drops 15%, Market Moves Toward $430 Billion

Posted at 09:33h in Bitcoin News by

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The bitcoin price has slightly corrected to $9,200 after rising above $9,500. The valuation of the cryptocurrency market has increased to $425 billion, moving towards $450 billion, where it was in the beginning of March.

EOS Down 15%

EOS, the fifth most valuable blockchain protocol in the cryptocurrency market, has declined by more than 15 percent after recording a meteoric rise in price over the past 48 hours. Ari Paul, the co-founder of cryptocurrency hedge fund BlockTower, stated that if EOS had been able to sustain its momentum, it could have been possible for the ERC20 token to surpass Ethereum in value.

“Price observation: EOS is an ERC20 smart contract currently valued at $16 billion. If it repeated the run of the last two weeks, it would surpass ETH’s value, while residing on top of it. This is an observation; not at all a prediction nor investment commentary,” said Paul.

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