The Block • May 01, 24
Why is Bitcoin so volatile?
Bitcoin's inherent price volatility stems from a complex interplay of multiple market factors.
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Rai Reflex Index
RAI
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Rai Reflex Index is on the decline this week.
The price of Rai Reflex Index has decreased by 0.78% in the last hour and decreased by 0.85% in the past 24 hours. Rai Reflex Index’s price has also fallen by 0.26% in the past week. The current price is €2.62 per RAI with a 24-hour trading volume of €168.20K. Currently, Rai Reflex Index is valued at 70.00% below its all time high of €8.72. This all-time high was the highest price paid for Rai Reflex Index since its launch.
The current circulating supply of Rai Reflex Index is 1,703,495.306 RAI which means that Rai Reflex Index has as total market cap of 1,703,495.306.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.