Cryptocurrencies returned to decline in the opening session of the week today, Monday, November 22, with the beginning of the European session, as Bitcoin leads the declines of cryptocurrencies, down by about 2.9%, and trading at levels of $ 57,467 thousand, to lose the most expensive digital currency in the world about 12% of its value in the last seven trading sessions with The market capitalization fell to 1.084.101 trillion dollars and it is only 84 billion dollars away from trading below the trillion dollar levels.

Investors’ concerns about the regulatory restrictions that some countries have begun to enact against digital currencies is a constant stressing factor for them, as Argentina enacted the latest tax on digital currency transactions estimated at 0.6% after South Korea, while India is considering changes to income tax laws to include cryptocurrency gains.

The combined market value of cryptocurrencies, according to Coingecko, which includes more than 10,000 digital currencies, is down more than 2.8% today, Monday, trading at $2.7 trillion.

Bitcoin ignores positive news from El Salvador, which plans to build the world’s first bitcoin city, according to the president of El Salvador, with a college that is expected to be initially funded by bitcoin bonds.

In light of this decline in cryptocurrencies, the Solana currency was the exception, which rises today by 1.7% and is trading at levels of $217, with a market value of $66 billion, but it records declines of 9.2% in the last seven trading sessions.

On the other hand, the only currency that is trading on weekly gains of about 40% is the Avalanche currency under the symbol AVAX, which is trading at levels of $134 with a market value estimated at $29 billion, slightly surpassing the Dogecoin in terms of market capitalization (less than $50 million), benefiting from the presence of 220 million Only Tokens.

Ethereum, the second largest digital currency in terms of market value, is declining by about 3.10% and is trading at levels of $4,210 thousand, with a market value of $497 billion.

The Dogecoin currency records declines by about 2.39%, trading at levels of $ 0.2232, with a decline in the market value to $ 29 billion, to lose its tenth position for avax and decline to the 11th position, while Cardano declines by about 3.59% and is trading at levels of $ 1.81 and a market value of $ 60 billion.

Ripple, in turn, loses about 2.41%, trading at $1.16 levels, and a market value of about $49 billion, while Litecoin is losing about 3.09% trading at $216 levels, with a decline in market value to $14 billion.