Volcano
Wild Market Swings In Today’s Block Tribune Volatility Index
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 |
