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Bitcoin Gold Makes Impact on Block Tribune Volatility Index

Investing, News | December 20, 2017 By:

The digital currency markets have been unusually frothy today as the biggest digital currencies have experienced, on average, unusually large fluctuations in price over the past 24 hours.

A notable high volatility outlier was Bitcoin Gold, which traded between $300.60 and $430.74 today, with an average price of $416.81. On the other end, Ripple saw unusually low volatility today. Its range was $0.66 – $0.88 with an average of $0.79.

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.

Volatility is a measure of the relative variations in price over a period of time, not an indicator of net price change. Large price increases that are linear produce a volatility index of 0.

The volatility indicies use their own data as a reference point.  So, for example, if BCH was dramatically up and down over the past 24 hours, but for the month prior to that it was very flat, the index would be very high.  The reverse is also true, if it was dramatically up and down over the prior month but flat today, the index would be extremely low.

The index values can’t be directly compared to each other because they don’t use the same baseline data.

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 the digital currencies with the greatest trading volume, as measured in U.S. Dollars.

CurrencyVolatility IndexToday’s Average PriceToday’s Volume
Bitcoin Gold99.3$416.81$1,068,860,000
Dash96.6$1,481.81$780,503,000
Monero92.8$398.87$444,492,000
Bitcoin Cash87.9$3,330.99$12,105,900,000
Zcash64.5$603.30$464,875,000
Verge62.7$0.11$842,555,000
EOS62.0$12.17$901,683,000
Ink60.5$0.89$141,696,000
Ethereum Classic58.6$42.84$889,383,000
Qtum56.4$67.69$1,082,480,000
Ethereum55.6$815.77$4,177,600,000
Bitcoin55.1$17,038.60$22,786,100,000
Litecoin54.6$334.77$2,240,100,000
IOTA50.5$5.23$923,826,000
Ripple48.7$0.79$1,026,750,000