Here’s Why Bitcoin and Bitcoin Cash Are Plunging, While Ripple Is Up Nearly 40%

Here’s Why Bitcoin and Bitcoin Cash Are Plunging, While Ripple Is Up Nearly 40%

Bitcoin and most other cryptocurrencies aren't performing well Thursday, but bitcoin cash has fallen more sharply than most, down by nearly 20% on the day. Meanwhile, Ripple is going against the grain and has surged by nearly 40% thanks to surging trading volumes and rumors that it may soon be available on a major U.S. exchange.

Here's a look at the five largest cryptocurrencies by market capitalization, and how much each has changed over the past 24 hours, as of 2 p.m. EST.

Cryptocurrency Name (Code)

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Source: Fool.com