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Bitcoin Price Swings Drive Today’s Block Tribune Volatility Index

Investing, News | November 15, 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 Bitcoin, which traded between $6,470.96 and $7,494.92 today, with an average price of $6885.57. On the other end, Vertcoin saw unusually low volatility today. Its range was $4.73 – $5.06 with an average of $4.85.

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
Bitcoin 68.4 $6,885.57 $4,021,490,000
Zcash 54.0 $278.50 $81,829,100
BitConnect 50.6 $261.09 $25,967,400
EOS 50.6 $1.62 $75,381,600
Bitcoin Cash 48.9 $1,283.00 $1,311,810,000
Dash 48.7 $432.10 $98,895,400
Litecoin 48.1 $63.66 $211,087,000
NEO 47.7 $29.71 $46,850,800
Ethereum Classic 47.4 $17.68 $174,609,000
Monero 47.2 $123.05 $55,723,600
Ethereum 45.5 $335.76 $772,996,000
Qtum 44.7 $11.66 $45,319,100
Vertcoin 44.3 $4.85 $9,984,890