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The market value of digital currencies is below $2 trillion, and Bitcoin is down 7%
image 21 January، 2022
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. Cryptocurrencies are recording strong declines since the opening of the Asian session today, Friday, the last weekly trading session, to trade the most expensive digital currency in the world (Bitcoin) below the levels of 38 thousand dollars for the second time in January, with more than 700 million dollars out of liquidity, according to the Binance platform in the last 24 hours. In conjunction with the flight of investors and traders from assets and high-risk tools and resorting to safe havens.

The market value of the cryptocurrency market combined, according to Coingecko, which includes more than 12,000 digital currencies, is losing more than 6.7% today, Friday, to trade below the $2 trillion levels for the first time this year, at $1.96 trillion.

Bitcoin is trading at $38,954 thousand, down about 7% this morning, with a market value of $740 billion, while Ethereum, the second largest digital currency, is losing about 8% and trading at $2.883 thousand, with a market value of $343 billion.

The Dogecoin currency recorded declines of about 6.85%, trading at levels of 0.1534 dollars, with a decline in the market value to 20 billion dollars, while Cardano lost about 9.29% and is trading at levels of 1.24 dollars, and a market value estimated at about 41 billion dollars.

Ripple, in turn, is declining by about 6.88%, trading at levels of $0.69, and a market value of about $33 billion. The Solana currency is also declining by about 7.84%, trading at levels of $126, and a market value of $39 billion.

Litecoin records losses estimated at 9.33%, trading at levels of 125 dollars, with a decline in the market value to 8 billion dollars, to fall to the 24th position in terms of market capitalization.

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