Cryptocurrencies are declining..Bitcoin records a weekly loss of more than 9%

The majority of cryptocurrencies declined during today's trading, in light of the decline in risk appetite in the markets following the release of weak economic data.

Data released today revealed that the number of jobless claims in America rose to 185 thousand last week from 167,000.

And retail sales in the United States rose last month by 0.5%, without expectations of an increase of 0.6%, while the index rose by its core value by 1.1%, exceeding expectations by 1%.

Economic data showed this week that inflation in America rose to its highest level since 1981 during March.

As a result of this data, speculation has increased that the US central bank will accelerate the rate hike.

In terms of trading, the price of Bitcoin fell at exactly 10:16 GMT by 3.7% to $ 39.7 thousand, recording a weekly loss of 9.3%.