Digital currencies turn red at the beginning of the week, Monday, April 18, as the most expensive digital currency in the world (Bitcoin) leads the declines, with a loss estimated at about 3.41%, to trade at levels of 38.934 thousand dollars, coinciding with a decline in the market value to 740 billion dollars, to trade in the lowest level in a month.

These sharp declines in cryptocurrencies come due to the decline in risk appetite in the markets and the high state of fears due to the continuation of global inflation rises and the high possibility of an economic recession amid the Russian-Ukrainian war, especially after Goldman Sachs statements that the possibility of a contraction of the US economy reached 35% during the next two years.

The market value of the cryptocurrency market combined, according to the Coingecko website, which includes more than 13,000 digital currencies, has been declining since the beginning of the week by about 4.1%, trading at levels of $ 1.9 trillion.

Ethereum, the second largest digital currency, is declining by about 4.69%, and it is trading at levels of 2.895 thousand dollars, with a market value of 350 billion dollars.

The Dogecoin currency recorded declines of about 5.85%, trading at levels of $0.1355, with a decline in its market value to $17 billion, while Cardano lost about 6.85% and was trading at levels of $0.8823, with a market value of about $29 billion.

The Shiba Inu currency, in turn, is declining by about 6.45%, trading at levels of $ 0.00002407, with a decline in the market value to $ 13 billion, while the Solana currency is trading down by about 5.23%, trading at levels of $ 96.48, and a market value of $ 32 billion.

The XRP or Ripple currency is declining by about 5.70%, ignoring the statements of the CEO of the company regarding the developments of the lawsuit, and it is trading at levels of 0.7345, with a decline in market value to 35 billion, while Litecoin loses about 6.12% by trading at levels of $ 106 with a decline in the market value to $ 7 billion .