According to Foresight News, the Bitcoin Volatility Index (BitVol), launched by financial index company T3 Index in collaboration with options trading platform LedgerX, rose to 54.34 yesterday, marking a single-day increase of 4.04%. Similarly, the Ethereum Volatility Index (EthVol) climbed to 61.29, reflecting a daily rise of 6.67%.

Foresight News notes that the BitVol and EthVol indices measure the 30-day expected implied volatility derived from tradable Bitcoin and Ethereum options prices.