Despite the rise in the US stock market, crypto assets fall across the board. Ripple plummets below $3.

All major cryptocurrencies are falling even as U.S. stock markets surge on expectations of interest rate cuts and a surge in Tesla shares.
As of 9:25 AM on the 16th, Bitcoin was down 0.00 on CoinMarketCap compared to 24 hours earlier.
It fell 25% to $115,112 (approximately ¥16.98 million). Ethereum, the second largest cryptocurrency by market capitalization, also fell 0.15% to $4,518.
Ripple, the third largest cryptocurrency by market capitalization, recorded $2.99. On this day, Ripple traded between a high of $3.07 and a low of $2.96.
Ripple has fallen below $3. This is the first time since the 10th of last month that Ripple has fallen below $3. Despite the rally in US stocks on this day, crypto assets are falling all at once.
This is likely due to the fact that profit-taking following the sharp rise at the end of last week is still occurring. Last weekend, cryptocurrencies all rallied together, with Ethereum soaring by more than 5% on expectations of an interest rate cut.