EOS rose by 10.25% to trade at $3.0936 this morning to become the most significant increase since September 7th.
This increase pushed the total capitalization of EOS to $2,8610B and 1.28% of the overall market capitalization of cryptocurrencies.
EOS has evolved into a range ranging from $ 2.9450 to $ 3.0945 over the last 24 hours.
Last week, EOS saw a drop of 17.67%.
At its current rate, EOS remains at 86.54% below its record high of April 29, 2018, at $ 22.98.
Other cryptocurrencies traded higher today.
Bitcoin rose by 3.19% to trade at $8,285.9, and Ethereum moved up by 6.54% to $181.47.
The market capitalization of Bitcoin is now valued at $148,7261B or 66.44% of the total market capitalization of cryptocurrencies.
Crude Oil Futures On The Rise
Crude Oil futures traded higher during the Asian trading session this morning.
Crude Oil futures for delivery in November was up by 0.89% to trade at $54.55 per barrel on the New York Mercantile Exchange.
Also, the barrel was trading in a bullish dollar period when it found support at $53.99 and resistance at $56.84.
Similarly, the US Dollar Futures Index, gained by 0.12% to trade at $99.143 against six other major currencies.
Elsewhere on ICE, Brent oil for December delivery rose by 0.76% and traded at $59.70 a barrel.
Australia's Central Bank Cuts Rates By Quarter Points
Australia's central bank cut its cash rate by a quarter basis point to a record low of 0.75% on this morning to the broad expectation.
Policymakers decided to cut rates by 0.25% to try to spur economic growth and drive unemployment lower.
The Reserve Bank of Australia (RBA) revealed the new rates during their policy meeting this morning.
Several analysts were expecting a quarter-point easing this week, following the cut from 1.25% to 1% in July.