The state of terror that cryptocurrency investors were exposed to on Saturday is still dominating the digital currency markets, as all currencies continue to decline with some minor exceptions, led by the most expensive digital currency in the world (Bitcoin), which loses about 1.2% in the middle of today’s session, Monday, December 6th, and trading at Levels of 48,129 thousand dollars, with a loss of more than 150 billion dollars of its market value since last Saturday, bringing the market value down to 900 billion dollars.

The cryptocurrencies collapsed at the beginning of the week on Saturday, as most currencies lost between 15-20% of their value, as Bitcoin traded at levels of 42 thousand dollars, while Ethereum tested the levels of 3450 thousand dollars before starting to recover at the end of the session on Saturday and reducing its losses.

With different interpretations of this strong decline in the cryptocurrency market, it appears that panic and rising inflation fears that support the US Federal Reserve’s move early, in addition to the new pivot, Omicron, which incurred financial markets a lot of losses last week, has leaked into the cryptocurrency market to lose more than $400 billion in market value.

In less than 24 hours, especially since liquidity was weak on Saturday to support this collapse. And as the bleeding continues today, Monday, the market value of the cryptocurrency market as a whole, according to the Coingecko website, which includes more than 11 thousand digital currencies, is more than 5.5% today, Monday only, to reach $2.31 trillion.

Ethereum, the second largest digital currency in the world, is down by about 3.3% midday Monday, and is trading at $4.087,000, with a decline in market value to $482 billion.

The Dogecoin currency recorded declines of about 4.7%, trading at levels of $ 0.1675, with a decline in the market value to $ 22 billion, while Cardano lost about 5.7% and is trading at levels of $ 1.31 and a market value of about $ 42 billion. Ripple, in turn, is declining by about 5.8%, trading at levels of $0.77, and a market value of about $36 billion.

The Solana currency is also declining by about 7.5%, trading at levels of $181 and a market value of $56 billion.

Litecoin, in turn, records losses estimated at 6.2%, trading at levels of 148 dollars, with a decline in the market value to 10 billion dollars, to fall to the 19th position in terms of market value.