The photo shows the Bitcoin trading price displayed on the electronic board at Bithumb Lounge Gangnam flagship store. /Courtesy of News1

U.S. stocks rose across the board on hopes for interest rate cuts, but the virtual asset market is sliding.

At 8 a.m. on the 16th, on CoinMarketCap, a global virtual asset market tracker, Bitcoin was transaction at $115,297, down 0.56% from 24 hours earlier. Ethereum was down 2.45% at $4,513, and Ripple fell 2.01% to $2.98, below $3.

Ripple fell below $3 for the first time since the 10th. This is interpreted as profit-taking after virtual assets surged across the board over the weekend.

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