Bitcoin Gold Makes Impact on Block Tribune Volatility Index

Investing, News | December 20, 2017 By:

The digital currency markets have been unusually frothy 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 Bitcoin Gold, which traded between $300.60 and $430.74 today, with an average price of $416.81. On the other end, Ripple saw unusually low volatility today. Its range was $0.66 – $0.88 with an average of $0.79.

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.

Volatility is a measure of the relative variations in price over a period of time, not an indicator of net price change. Large price increases that are linear produce a volatility index of 0.

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 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
Bitcoin Gold 99.3 $416.81 $1,068,860,000
Dash 96.6 $1,481.81 $780,503,000
Monero 92.8 $398.87 $444,492,000
Bitcoin Cash 87.9 $3,330.99 $12,105,900,000
Zcash 64.5 $603.30 $464,875,000
Verge 62.7 $0.11 $842,555,000
EOS 62.0 $12.17 $901,683,000
Ink 60.5 $0.89 $141,696,000
Ethereum Classic 58.6 $42.84 $889,383,000
Qtum 56.4 $67.69 $1,082,480,000
Ethereum 55.6 $815.77 $4,177,600,000
Bitcoin 55.1 $17,038.60 $22,786,100,000
Litecoin 54.6 $334.77 $2,240,100,000
IOTA 50.5 $5.23 $923,826,000
Ripple 48.7 $0.79 $1,026,750,000