Digital currencies recorded collective declines this morning, Sunday, February 2, as the most expensive digital currency in the world (Bitcoin) lost the $100,000 levels, coinciding with the decline in the market value of Bitcoin to below $2 trillion, as the new US administration and US President Donald Trump imposed customs duties on the world’s largest economic partners.

As Trump threatened in his election campaign, the White House announced yesterday, Saturday, that it had imposed duties on products imported from Canada and Mexico by 25% and 10% on Canadian energy resources, in addition to 10% duties on imports from China in addition to the current duties, as these duties are expected to come into effect next Tuesday.

The market value of the digital currency market combined, according to the Coingecko website, which includes more than 17,000 digital currencies, declined by about 5.3% today, Sunday, with the market value trading at $3.47 trillion.

Bitcoin is trading at $99,095,000, down about 2.94% this morning with a market value of $1.963 trillion, while Ethereum, the second largest digital currency, is down about 5.35% and is trading at $3,074,000 with a market value of $370 billion.

XRP or Ripple continues to maintain its position as the third digital currency in the world in terms of market value, despite its decline of about 6% today, Sunday, and is trading at $2.81 with a market value of $162 billion.

Dogecoin is down about 9% by trading at $0.2948 with a decline in market value to $43 billion, while Cardano is losing about 5.89% and is trading at $0.8765 with a market value of about $30 billion.

Solana is losing about 7.55% trading at $210 with a market cap of $102 billion, while Litecoin is down about 7.5% trading at $114 with a market cap of $8 billion.