Cryptocurrencies record collective declines in the opening session of the week today, Monday, 20 September (September) and before the opening of the European markets, where Bitcoin leads the declines of digital currencies with a loss of about 4.6% and trading at levels of 45,700 thousand dollars, with a decline in the market value to 861 billion dollars.

The market value of digital currencies combined, according to the Coingecko website, which collects data for about 9,344 thousand digital currencies, declining this morning by about 5.9% today, Monday, to reach 2.1 trillion dollars, compared to 2.24 trillion at the end of last week, of which Bitcoin represents about 40.9%.

Cryptocurrencies received some negative support last week from European Central Bank Governor Christine Lagarde, who still insists that digital currencies are not currencies and are only speculative and their transactions are suspicious.

Ethereum, the second largest digital currency in the world by market value, loses about 7.5% this morning, and is trading at levels of 3.187 thousand dollars, with a decline in its market value to 377 billion dollars.

Cardano, the third largest digital currency, is trading at $2.16 levels, down by about 9.37 percent, and the market value has fallen to $70 billion, while the Dogecoin is losing about 7.98 percent and is trading at 0.2212 levels, and the market value has fallen to $29 billion.

The cryptocurrency Algorand, which occupies the 18th place in terms of market capitalization estimated at 10 billion dollars, and after increases of more than 15% during the past week, loses about 14% today, Monday, and is trading at levels of 1.80 dollars, after it tested the levels of 2.37 dollars last week.

Ripple XRP, in turn, loses about 9.5% and is trading below the dollar levels at $0.9757, while the seventh Solana currency in terms of the highest cryptocurrency ranking in terms of market value is losing about 12.89% and is trading at $140.08 levels.