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Bitcoin leads the decline of cryptocurrencies and the market value below 2 trillion
image 18 February، 2022
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 Cryptocurrencies are recording declines at the end of the week’s trading today, Friday, February 18, as the most powerful digital currency in the world (Bitcoin) leads the digital currency declines with a loss of about 6%, and it is trading at levels of 40,700 thousand dollars, with a decline in its market value to 774 billion dollars, affected by the rising market fears of tensions.

Geopolitics resulting from the conflict between Ukraine and Russia, which raised the currencies and assets of safe havens and negatively affected the currencies of high risk.

Statements and warnings by US President Joe Biden at the end of the session yesterday, Thursday, that the possibility of Russian invasion of Ukraine still exists in the coming days, despite reports that the Russian government has withdrawn a large part of its forces from the Ukrainian border, which has exacerbated the volatility in the markets again and affected Negatively on the cryptocurrency markets with a decrease in the desire for high-risk assets.

The combined market value of cryptocurrencies, according to Coingecko, which includes more than 12,000 digital currencies, is down more than 5.7% today, Friday, trading at $1.95 trillion.

Ethereum is the second largest digital currency in terms of market value, declining by about 4%, and it is trading at levels of 2,933 thousand dollars, with a market value of 350 billion dollars.

The XRP rial currency is one of the least declining digital currencies with a loss estimated at 2%, trading at 0.7948 levels, and a market value estimated at $38 billion, after some reports indicated that the last day of the Ripple case against the SEC was yesterday, Thursday, but yesterday Thursday is considered the last day to submit documents and documents, and therefore the date remains The final judgment in the case is next April.

The Dogecoin currency recorded declines of about 4%, trading at levels of 0.142 dollars, with a decline in the market value to 18 billion dollars, while the cardano declined by about 2.5%, trading at levels of 1.04 dollars, and a market value estimated at 34 billion dollars.

Solana is trading at levels of $96, a loss of about 3.27%, and a market value of $30 billion, while Litecoin loses about 5%, trading at levels of $119, with a decline in the market value to $8 billion.

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