Major virtual assets are falling across the board as profit-taking emerged after the previous day's sharp gains.

As of 8:05 a.m. on the 5th, bitcoin was down 1.58% from 24 hours earlier at $92,411 on CoinMarketCap, a global coin market tracker. No. 2 by market cap, ethereum, was down 1.64% and was trading at $3,144.

A price chart reflects on the floor where a Bitcoin model is placed at the Bithumb Lounge Gangnam Main Branch in Seocho District, Gangnam-gu, Seoul. /Courtesy of News1

No. 4 by market cap, Ripple (XRP), was plunging 4.89% to $2.09, while No. 5, Binance Coin, was down 1.8% at $902.

The decline appears to be due to profit-taking after the previous day's surge. In bitcoin's case, it reclaimed $94,000 the previous day, but a wave of profit-taking is believed to have emerged.

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