Bitcoin price fluctuations in various international and local Bitcoin markets, such as Bitstamp, Coinbase, Kraken, Bitcoin.co.id, BTCChina, etc. are driven by many factors. Volatility is measured in the traditional market by the Volatility Index (CBIE Volatility Index) also known as the CBOE Volatility Index (VIX).

Volatility in the Bitcoin market does not yet have a generally accepted index because cryptocurrency as an asset class is still in its nascent stage. However, we know that Bitcoin is capable of experiencing volatility in the form of price changes 10 times against the US dollar in such a short period of time.