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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.

Currency Volatility Index Today’s Average Price Today’s Volume
Qtum 70.1 $12.92 $312,231,000
BitConnect 70.0 $279.25 $31,639,900
Zcash 62.6 $302.16 $174,567,000
EOS 57.4 $1.71 $65,984,000
Bitcoin 57.2 $7,349.10 $4,587,420,000
Bitcoin Cash 55.1 $1,098.25 $1,982,750,000
Vertcoin 53.6 $4.39 $8,782,160
Ethereum Classic 50.2 $17.13 $175,798,000
Monero 49.9 $124.10 $67,448,700
Dash 48.2 $423.02 $94,737,400
Ethereum 46.0 $330.47 $741,608,000
NEO 44.9 $29.18 $38,906,200
Litecoin 44.5 $64.07 $179,492,000