The cryptocurrency’s three-month implied volatility rose to a lifetime high of 6.8 percent on a daily basis (equal to 130 percent annualized) on March 13, according to crypto derivatives research firm Skew. The implied daily volatility stood at 3.5 percent (66.9 percent annualized) a week ago. Going further back, the gauge had dropped to a 12-month low of 3.2 percent (61.2 percent annualized) on Feb. 23, when bitcoin was trading near $10,000. Bitcoin’s ATM volatility on one-month options, which measures the calculated or implied mid-rate volatility for an at-the-money (ATM) option, also hit a record high of 184 ... (full story)