Cryptocurrencies record declines in the middle of the trading session today, Monday, August 30 (August), and before the opening of the American markets, where Bitcoin is trading down by about 1.2%, while Ethereum, the second digital currency by market value, loses about 0.35%, to give most digital currencies their gains recorded last week.

And between the positive news from the global recognition of digital currencies in some countries and the negative news resulting from China’s continued fight against it and the fears of imposing taxes in the United States of America on its dealers, the digital currency market continues to trade between decline and rise to record the market value of cryptocurrencies according to the Coingecko platform, which includes Approximately 9,152 thousand digital currencies, the levels of 2.15 billion dollars, of which Bitcoin represents 42% of the market value. The market value of Bitcoin is trading at the levels of 900 billion this morning, trading at levels of 47,911 thousand dollars, after it was 60 billion dollars away from entering the trillion dollar levels for the second time last week, and after the Bitcoin reached the levels of 50 thousand, while the market value of Ethereum reached 373 billion dollars. In conjunction with its decline by about 4% in the average of the last seven trading sessions, and trading at levels of 3.18 thousand dollars.

After El Salvador announced earlier its recognition of bitcoin and digital currencies as an asset class or an intermediary of exchange as the first country to take this step, the Cuban government is working on a bill that officially recognizes encrypted currencies in the country as legal currency.

In a related context, some negative news for the cryptocurrency market comes from the exposure of some cryptocurrency trading platforms to hacking and theft to affect crypto trading, as the Seychelles-based Bilaxy platform announced that it was hacked at the end of last week and the theft of more than $400 million, according to some estimates.

This comes after the Japanese platform, Liquid, suffered a similar operation two weeks ago, while the platform did not announce the size of the assets that were stolen.

Dogecoin, in turn, records declines of about 0.50% in trading at levels of $0.2806, and declines of about 13% in the last seven trading sessions, with a decline in the market value to $36 billion

On the other hand, Cardano recorded declines of about 2%, trading at levels of $2.84, and a market value of $90 billion.