Digital currencies continue to decline since the beginning of the year, as the most expensive digital currency in the world (Bitcoin) loses for the fourth consecutive session in the middle of trading today, Thursday, the sixth of January, by more than 8% and is trading at levels of 42,800 thousand dollars, the lowest since September of last year with a decline in value Market value to 813 billion dollars.
The combined market value of cryptocurrencies, according to Coingecko, which includes more than 12,000 digital currencies, is down more than 9% today, Thursday, trading at $2.16 trillion, which reflects the volume of sales that take place in the cryptocurrency market.
These declines largely reflect the decline in investors’ risk appetite towards currencies and high-risk assets, especially after the minutes of the US Federal Reserve meeting yesterday, Wednesday, which showed a more strict policy than expected.
Ethereum is down, the second largest digital currency by market value, by about 12%, and it is trading at levels of 3.368 thousand dollars, with a market value estimated at 405 billion dollars, to trade at its lowest level in three months.
Dogecoin, in turn, records declines by about 8.5%, trading at levels of 0.1562 dollars, with a decline in its market value to 20 billion dollars, while Cardano is declining by about 10.17% and trading at levels of 1.21 dollars, and a market value estimated at about 40 billion dollars.
Ripple, in turn, loses about 10.42% and is trading at levels of 0.7492 dollars, and a market value of about 35 billion dollars.
The Solana currency is also declining by about 12.87%, trading at levels of 148 dollars, and a market value of 46 billion dollars.
Litecoin loses the top 20 levels and falls to the 22nd place in terms of market capitalization, with a decline of about 9.16%, trading at levels of $ 134, with a decline in the market value to $ 9 billion.