Cryptocurrencies are recording strong declines in the middle of trading today, Monday, June 13, coinciding with the decline in risk appetite in the markets, as the Bitcoin currency leads these declines, trading at its lowest level in a year and a half at levels of 24,000 thousand dollars, a decline of about 12.54% and a decline in the market value to 456 billion dollars.

The US inflation figures released at the end of last week, Friday, which exceeded expectations at 8.65, and the market anticipation of the US Federal Reserve meeting Wednesday causes a decline in risk appetite and flight from high-risk currencies such as digital currencies and stocks, in exchange for an increase in assets and currencies of safe havens.

The market value of the cryptocurrency market combined, according to CoinMarketCap, which includes more than 13,000 cryptocurrencies, has declined since the beginning of the session by about 11.89%, trading at levels of $973 billion, after exiting $126.32 billion today only, as the market value is trading below a trillion dollars for the first time since January 2021 .

Ethereum is the second largest digital currency, declining by about 16.14%, and it is trading at levels of 1.229 thousand dollars, with a market value estimated at 148 billion dollars.

The Dogecoin currency is one of the most affected during the session, as it records declines of about 15.30%, trading at levels of $0.05579, with a decline in its market value to $7 billion, while Cardano loses about 12.86% and is trading at levels of $0.4498, with a market value estimated at about $15 billion.

The Shiba Inu currency, in turn, is declining by about 12.47%, trading at levels of $0.000097694, with a decline in the market value to $4 billion, while the Solana currency is trading down by about 16%, trading at levels of $27, and a market value of $9 billion.

The XRP or Ripple currency is declining by about 10.70% today, Monday, and is trading at 0.3128 levels, with a decline in the market value to 15 billion, while Litecoin loses about 14.12% by trading at levels of 14 dollars, with a decline in the market value to 2 billion dollars