Cryptocurrencies continue to record declines for the second consecutive session with the beginning of today’s trading session, Wednesday, the eighth of September (September), to give up the gains recorded at the beginning of the week, and after Bitcoin, the most expensive digital currency in the world, tested the levels of 52 thousand dollars, to begin to decline with the middle of the trading session yesterday, Tuesday It lost more than 15% before expanding from its losses this morning, Wednesday, and retreating by about 13%, trading at levels of 45.442 thousand dollars, with a decline in the market value to 854 billion dollars.

The combined market value of cryptocurrencies, according to Coingecko data, declined by more than 14%, to lose more than $250 billion from $2.35 trillion to $2.1 trillion.

This significant decline in the cryptocurrency markets came after El Salvador announced yesterday, Tuesday, the official adoption of Bitcoin as a legal currency in El Salvador, which allows citizens to buy goods and services and pay taxes with Bitcoin.

On the other hand, Ethereum is losing about 15% this morning and is trading at levels of $3.317 thousand, to continue maintaining the second place in terms of market value, despite the decline in the market value to $ 388 billion.

Cardano, the third largest digital currency, is trading at levels of $2.32, down by about 14%, and its market value has fallen to $74 billion, while the Dogecoin is losing more than 18% and trading at 0.2441 levels, and the market value has fallen to $32 billion.