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Digital Currency Markets Continue Wild Swings in Block Tribune Volatility Index

Investing, News | November 16, 2017 By:

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

A notable high volatility outlier was Qtum, which traded between $11.69 and $14.15 today, with an average price of $12.92. On the other end, Litecoin saw unusually low volatility today. Its range was $60.96 – $67.65 with an average of $64.07.

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 2:00 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
Qtum70.1$12.92$312,231,000
BitConnect70.0$279.25$31,639,900
Zcash62.6$302.16$174,567,000
EOS57.4$1.71$65,984,000
Bitcoin57.2$7,349.10$4,587,420,000
Bitcoin Cash55.1$1,098.25$1,982,750,000
Vertcoin53.6$4.39$8,782,160
Ethereum Classic50.2$17.13$175,798,000
Monero49.9$124.10$67,448,700
Dash48.2$423.02$94,737,400
Ethereum46.0$330.47$741,608,000
NEO44.9$29.18$38,906,200
Litecoin44.5$64.07$179,492,000