Wild Market Swings In Today’s Block Tribune Volatility Index

Blockchain, Investing, News, Uncategorized | November 13, 2017 By:

The digital currency markets have provided a wild ride today, as the biggest digital currencies have experienced, on average, unusually large fluctuations in price over the past 24 hours.

A notable high volatility outlier was BitConnect, which traded between $210.61 and $259.40 today, with an average price of $237.13. On the other end, Vertcoin saw unusually low volatility today. Its range was $4.18 – $4.51 with an average of $4.37.

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 1:00 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
BitConnect 88.8 $237.13 $18,318,100
Bitcoin 79.0 $6,179.36 $6,783,560,000
Dash 65.9 $441.25 $433,403,000
Zcash 65.0 $270.95 $135,054,000
Bitcoin Cash 61.2 $1,305.56 $5,130,310,000
Monero 57.5 $127.35 $126,497,000
EOS 57.2 $1.15 $22,574,300
Ethereum Classic 54.5 $15.81 $390,267,000
NEO 52.9 $27.81 $44,908,100
Litecoin 50.1 $60.43 $282,328,000
Ethereum 49.9 $315.79 $1,219,210,000
Qtum 45.0 $11.31 $75,127,200
Vertcoin 42.5 $4.37 $21,064,800