Bitcoin Cash Explodes, Other Digital Currencies Highly Active In Block Tribune Volatility Index

Investing, News | November 10, 2017 By:

The digital currency markets exploded today, with unusually large fluctuations in price over the past 24 hours.

A notable high volatility outlier was Bitcoin Cash, which traded between $629.10 and $1,122.18 today, with an average price of $782.83. On the other end, Ripple XRP saw unusually low volatility today. Its range was $0.20 – $0.22 with an average of $0.22.

Our proprietary Block Tribune Volatility Index is a measure of daily price variability compared with variability over the prior 30 days. 50 indicates an average day. Greater scores indicate a wider range of trade prices while lesser scores indicate a relatively flat trading period.

The data below was compiled on a per-currency basis using reports from the exchanges that saw 1% or more of the total trade volume for that currency. It is as of 1:00 p.m. US Eastern Time and includes digital currencies with the greatest trading volume, as measured in U.S. Dollars.

Currency Volatility Index Today’s Average Price Today’s Volume
Bitcoin Cash 111.6 $782.83 $3,436,430,000
Monero 66.9 $116.39 $87,395,400
Bitcoin 66.6 $7,072.62 $4,106,310,000
BitConnect 65.7 $273.51 $22,055,400
Zcash 63.7 $258.87 $81,452,900
Dash 62.5 $331.89 $107,216,000
Ethereum 61.5 $317.60 $770,614,000
Litecoin 59.7 $63.86 $286,551,000
NEO 58.1 $31.15 $50,805,000
Ethereum Classic 57.8 $14.59 $262,850,000
EOS 57.7 $1.11 $21,713,100
Qtum 54.7 $11.92 $124,689,000
Vertcoin 47.9 $4.67 $14,721,300
Ripple 41.2 $0.22 $126,693,000