Cryptocurrencies fall as Eos launches

Cryptocurrency prices fell across the world’s exchanges on Monday, with the biggest losses coming for eos following a chilly reception to news it had launched its blockchain over the weekend.

In early trade in London, eos tokens fell 21% to $10.93, leading the declines for its rivals.

Eos launches blockchain network
Eos network participants voted over the weekend to launch the digital currency’s blockchain network. The decision followed a year-long initial coin offering (ICO) which raised $4bn – the biggest ever ICO.

The lukewarm reception to the news left eos nursing the biggest losses of all the digital tokens, but some of the downturn may have also been attributed to news that US regulators were continuing to investigate price manipulation in the crypto-complex.