EOS cryptocurrency fell 11% in a bearish trade with a pullback - EOS cryptocurrency traded at $0.0615 at 6:48 PM (15:48 GMT) on Friday,
The US Treasury and the Federal Reserve are "pulling in opposite directions" on inflation - At the end of August, US Treasury Secretary Scott Bessent announced a program to purchase long-term bonds, which the department is scheduled to begin on September 9.
Ethereum was trading at $1,598.73 at 6:02 PM (15:02 GMT) on Friday,
according to the Investing.com index, down 10.06% on the day. This was the largest drop since February 5th.
The decline has reduced Ethereum's market capitalization to $193.56B, representing 9.20% of the total cryptocurrency market capitalization. Ethereum's previous peak was $583.89B.
Over the past 24 hours, Ethereum has traded in a range of $1,597.13 to $1,773.94.
Over the past 7 days, Ethereum has lost 19.82%. Ethereum's trading volume over the past 24 hours at the time of publication was $29.45B, or 21.96% of the total cryptocurrency trading volume. Over the past seven days, the price has fluctuated between $1,597.1301 and $2,037.0018.
Meanwhile, other cryptocurrencies
Bitcoin traded at $60,713.5, according to the Investing.com index, down 4.93% on the day.
Tether USDt traded at $1,0001, according to the Investing.com index, up 0.10%.
Bitcoin's market capitalization is $1,218.26B, or 57.92% of the total cryptocurrency market capitalization.
At the same time, the market capitalization of Tether USDt is $187.45B, or 8.91% of the total crypto market capitalization.