The BitVol Index, which measures the volatility of Bitcoin, has risen to 63.54, a single-day increase of 0.94%. This index is created by T3 Index and LedgerX and is based on the expected implied volatility of Bitcoin options over a
30-day period. The actual price of options is determined by competition among option traders, making implied volatility a reflection of market participants’ expectations for the future and a close representation of true volatility.
