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 Digital currencies surged in a violent wave of losses on the impact of bitcoin's sharp declines below the USD 19 thousand levels, reaching their lowest levels since last June 19.

During today's trading, bitcoin fell to levels near USD 18.6 thousand, which is the lowest price of the digital currency for almost two and a half months, when it fell to levels of USD 18 thousand on June 19.

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The decline of digital currencies comes amid a wave of strong rises for the dollar index and the reluctance of traders to invest in high-risk assets such as stocks and digital currencies. The negative effects of the dollar's rises did not stop at the top 20, where it exceeded the levels of 110.6 points during the day's trading in stocks and digital currencies, but

extended to the master of safe havens, gold, which is trading near the levels of USD 1700.

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Sharp losses

In a matter of hours, the market capitalization of digital currencies lost almost 90 billion, falling by more than 6% according to coinmarketcap data over the past 24 hours. The capitalization of the crypto market fell to levels near USD 920 billion, which is the lowest in more than a month and a half, against levels of USD 1.01 trillion on the eve of trading on Tuesday. The market capitalization decline came amid a wave of collective decline that hit the 190 largest digital currencies, with the neutralization of dollar-linked stablecoins that are experiencing limited movements.

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Panic returns

The data of the crypto Fear&Greed Index, which measures the psychology of crypto market traders, revealed a new immersion of traders emotions in the zone of extreme fear. The crypto market has only gradually abandoned being in the fear zone since mid-August, when it reached its highs from early April, when it approached the 50-point levels. The sentiment of traders fell at the 24th point according to the latest reading from the Crypto Fear&Greed Index of fear and greed coincided with the descent of Bitcoin below the levels of 19 thousand dollars.

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Bitcoin

During these moments of Wednesday's trading, bitcoin falls within 6% down to the levels of USD 18.6 thousand, while it declines by 8% in a week to drop its market value to levels below USD 360 billion. Bitcoin has fallen by 23% in a month, while it has fallen by 13% in sixty days and by 38% in ninety days, while recording a decline of 61% since the beginning of the year.

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Ethereum

The largest altcoins during these moments of Wednesday's trading, Ethereum ETH/USD, fell by 10% to the levels of USD 1,500, while declining by 5% in a week and by 16% in a month. The market value of Ethereum, on which many currency traders are betting, has fallen to the levels of USD 185 billion after a decline of about 60% since the beginning of this year, and the current levels are the lowest since the end of last August.

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Alternative currencies

Binance Coin BNB / USD fell 6% to USD 263 levels, while Ripple XRP fell 4% to USD 0.32 levels, and Cardano fell 8% to USD 0.45 levels. Solana's value fell by 7% to $, Dogecoin's value fell by 6% to $, while Polka Dot's value fell by 8% to $ The Polygon Matic / USD exchange rate fell by 11% to the level of $0.80, while the Chiba Inu exchange rate fell by 5% to the level of $0.000012. Tron fell by 6%, while Avalanche fell by 9%

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The article does not express a recommendation or a nomination, but only a monitoring of market fluctuations, as trading in digital currencies involves high risks, including the risk of losing some or all of the investment amount, knowing that they are not fully subject to financial authorities and markets.