EOS at $1.61?

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I am new in the community and I can't understand why this is happening. Is it because of EOS?
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Why is there a free fall on the value of EOS and every crypto coin in the last few days?
(Since the launch of EOS Distribution)

EOS : $1.61 , -21.60% (24h)
Ethereum : $196.41 , -10.34% (24h)
...
source: https://coinmarketcap.com/

EOS at $1.61? | Ecency