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Volatility Calm To Start 2018 On Block Tribune Index

Investing, News | January 2, 2018 By:

The digital currency markets have seen an average day, as the biggest digital currencies have experienced relatively small price fluctuations over the past 24 hours.

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 4:00 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 Cash51.0$2,457.54$1,830,430,000
Bitcoin49.4$13,809.06$16,442,400,000
Cardano55.0$0.75$290,525,000
EOS44.1$9.80$529,390,000
Ethereum Classic44.7$37.31$633,540,000
Ethereum65.1$882.20$5,655,780,000
IOTA41.2$4.07$322,535,000
Litecoin49.0$251.34$1,225,130,000
NEO65.4$88.41$372,148,000
Qtum46.2$64.26$595,909,000
Ripple50.8$2.37$3,159,290,000
Stellar62.2$0.52$694,080,000
TRON41.3$0.06$1,525,950,000
Verge36.9$0.16$472,058,000
Zcash45.5$655.77$240,078,000