Bitcoin Volatility Index to be Launched by BitMEX
Bitcoin derivatives exchange BitMEX has announced that from 5th January they will publish a 30 day bitcoin volatility index, measuring the cryptocurrency's volatility against the United States dollar, and that they will create a tradable financial instrument based on the index. Often known colloquially as a 'fear index', a volatility index provides a measure of how much the value of a currency or asset is fluctuating up and down during a given period of time. A similar index called the VIX is often used by stock market traders to gauge and hedge against risk, as well as for other trading....
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Derivatives exchange BitMEX will publish an index on 5th January that it hopes will become the bitcoin world's version of the VIX- the so-called 'fear index' that is used to gauge uncertainty in the wider financial markets. The 30-Day Bitcoin Historic Volatility Index, as BitMEX is calling it, works by taking the time-weighted average price from Bitfinex's USD/BTC rate. It then calculates bitcoin's annualised volatility over a rolling 30-day period using that data. The result is a measure of bitcoin's realised volatility for that period. True to form as a derivatives exchange, BitMEX has....
Historical data of the Bitcoin volatility index hints that the price of the crypto may observe a big move in the near future. Bitcoin Volatility Index Has Recently Been Below A Value Of 25 As pointed out by an economist on Twitter, the volatility index has declined into a zone that has historically been followed by an explosive move in BTC. The “volatility index” in question is the BitMEX .BVOL index, and according to the exchange, the metric’s value “is the rolling 30 day annualized volatility of the daily 11:30 UTC to 12:00 UTC Time Weighted Average Price (TWAP)....
Bitcoin exchange BitMEX have announced the introduction of a futures contract for Bitcoin, in a much-needed shot in the arm for the cryptocurrency who fortunes have been ebbing lately. Bitcoin has been disappointing over the past few days. Just when it was announced that it was the worst performing currency in all of 2014, then now comes the news that it has slumped below the psychologically critical $300 mark. We are now talking about $270 support levels, and it would be safe to say that even the most ardent bit-believer must be skipping a heart bit (pun intended) right now, if not on the....
The decentralized finance (defi) platform cvx.finance has launched the beta version of its “Crypto Volatility Index”, otherwise known as the “CVX.” The CVX is an index similar to the “Market Fear Index” (VIX) commonly used in traditional finance, but cvx.finance measures the suggestive volatility from bitcoin and ethereum options markets. It’s still early but a new product has been launched that may be able to give cryptocurrency traders a rough idea of how the crypto market is feeling and if traders expect future price fluctuations. The new....
As Coti ramps up efforts to bring a decentralized fear index to crypto, it has enlisted the help of Professor Dan Galai, one of the pioneering brains behind the Cboe Market Volatility Index (VIX), to help the organization develop a crypto-oriented version. VIX Co-Creator to Join Coti-Backed Volatility Project Since exchanges for cryptocurrencies first arose, the market and accompanying price action have proven to be among the most volatile around. Intraday swings of double-digit percentage rates are regular occurrences. While it might seem like outsized volatility given the market’s....