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Bitcoin’s Three Wise Men Lead Block Tribune Volatility Index

Investing, News | December 22, 2017 By:

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

A notable low volatility outlier was Verge, which traded between $0.07 and $0.13 today, with an average price of $0.11.

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 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 Cash79.4$2,597.91$3,673,040,000
Bitcoin Gold83.5$322.15$300,117,000
Bitcoin73.5$13,820.20$19,842,700,000
Dash84.4$1,341.15$492,514,000
EOS94.1$8.84$511,854,000
Ethereum Classic96.1$37.75$763,732,000
Ethereum90.8$720.74$4,507,060,000
IOTA75.5$3.93$655,414,000
Litecoin74.8$268.93$2,493,840,000
Monero94.8$358.10$261,106,000
Nxt67.0$1.13$342,006,000
Qtum73.7$56.07$875,376,000
Ripple77.5$1.13$4,373,750,000
TRON44.7$0.04$442,872,000
Verge59.6$0.11$191,196,000