As the surge in gold prices slows, cryptocurrencies also fall en masse. Ripple plummets 4%, ranking fifth in market capitalization.

As the surge in gold prices slowed, cryptocurrencies, which are considered to be online gold, also fell simultaneously. As of 6:30 a.m. on the 10th, the global coin market relay site "CoinMarketQ"
According to the Yahoo! Japan Post, Bitcoin fell 1.54% from 24 hours earlier to $121,413. Ethereum, the second-largest cryptocurrency by market capitalization, fell 3.81% to $4,350.
Ripple, the fifth-largest cryptocurrency by market capitalization, fell 3.65% to $2.79. On the day, Ripple traded as high as $2.91 and as low as $2.78.
As a result, Binance Coin, issued by the world's largest exchange, Binance, surged during the mid-autumn celebration holiday period, temporarily rising to third place in market capitalization.
As a result, Ripple overtook fourth place and fell to fifth place. Solana, the sixth-largest cryptocurrency by market capitalization, also fell 3.99% to trade at $219.
This was due to a sharp drop in gold futures on the same day. At the same time, gold futures were down 2.
Gold futures fell 39% to $3,973 per ounce after hitting $4,000 per ounce the previous day.
The sudden drop on this day was due to a large amount of profit-taking sales following the recent surge.
The sudden drop in gold prices appears to be causing a chain reaction drop in cryptocurrencies, which have recently been linked to the price.