Ethereum Price Swings Like A Pendulum Do on Block Tribune Volatility Indexbr>
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 Ethereum, which traded between $930.03 and $1,875.03 today, with an average price of $1215.47. On the other end, Verge saw unusually low volatility today. Its range was $0.15 – $0.21 with an average of $0.18.
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 3:00 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|