EOS rises 8% as Bitcoin marks 18-day low: Weekend Watch

Bitcoin’s massive crash on Friday drove it south to just under $22,000 to mark its lowest price tag since February 14.

The altcoins experienced similar increased volatility, but most have calmed down since then. Ripple’s XRP and EOS are among the few alts with notable gains.

Bitcoin fell below $22K

Despite the increasing volatility at the end of February, bitcoin managed to end the month with a slight increase, hovering around $23,000. The first few days of March saw a price push towards $24,000, but it was stopped in its tracks.

As such, BTC retreated to $23,500 on Friday as the entire landscape changed. Within minutes, the cryptocurrency fell by over $1,500 and fell to and below $22,000. While the community continues to speculate on the potential reasons, the fact remains that this was the asset’s lowest price point since Valentine’s Day.

Bitcoin has regained some ground since then and is trading above $22,000. Still, its $430 billion market cap is struggling after hitting $460 billion recently. Its dominance over the alts has also fallen slightly to 42%.

EOS sees 7% rise

The altcoins dumped as hard as bitcoin yesterday, if not worse. Ethereum stood north of $1,650 earlier this week, but has lost about $100 since then. The last 24 hours have been quiet for the second largest cryptocurrency.

Binance Coin is also below a round-numbered milestone, trading below $300. On a daily scale, most of the larger caps are a bit stagnant, with XRP standing out as the most impressive gainer. It is up 3% and trading near $0.4.

OKB, Cardano, Dogecoin, Polygon, Solana, Polkadot, Shiba Inu, Litecoin and TRON have either minor gains or negligible losses.

Lido DAO’s original token has been the biggest loser, registering a daily decline of 10%. In contrast, EOS has added the most value, rising 7.3% and trading at $1.3.

The crypto market cap has managed to maintain $1 trillion, despite losing $60 billion in recent days.