Cryptocurrencies experienced near-universal declines in midday trading on Tuesday, November 18th, marking their sixth consecutive session of losses. This coincided with a decrease in risk appetite across markets and a decline in global stocks amid concerns about a slowdown in the technology and artificial intelligence sectors. Market expectations for a Federal Reserve interest rate cut in December have also diminished.

Financial markets, including the cryptocurrency market, are being impacted by the reduced market expectations for a US Federal Reserve interest rate cut in December. According to the CME FedWatch tool, markets are currently pricing in a 46% probability of a 25-basis-point rate cut in December.

The combined market capitalization of cryptocurrencies, according to Coingeako, which tracks over 17,000 cryptocurrencies, fell by approximately 3.2% on Tuesday, trading at $3.22 trillion. Bitcoin leads the market with a 56.8% share, followed by Ethereum with an 11.5% share. Bitcoin is trading at $91,436, down about 3.92% in midday trading, with its market capitalization falling to $1.823 trillion, its lowest level since April, after testing levels below $90,000 this morning. Ethereum, the second-largest cryptocurrency, is down about 4.56%, trading at $3,039, with a market capitalization of $366 billion, its lowest level in four months and losses of more than 14% in the last seven trading sessions.

XRP, or Ripple, the fourth-largest cryptocurrency by market capitalization, is down about 3.60% today, trading at $2.18, with a market capitalization of $131 billion.

XRP is down about 3.60%. Dogecoin is down about 3.01% today, trading at $0.1570, with a market capitalization of $3.225 billion. Cardano is also down, falling about 5.14% to $0.4674, with a market capitalization of approximately $16 billion.

Solana is down about 2.91%, trading at $137, with a market capitalization of $76 billion. TRON is down 1.33%, trading at $0.2898, with a market capitalization of $27 billion.