Stock Market more volatile than Bitcoin?

Bitcoin freefall has reversed a bit--climbing back up today. Now the Dow looks more volatile, says SEC Chairman Jay Clayton. So it was good timing because at the Senate banking committee hearing they downplayed lawyers' concerns about bitcoin volatility. 

"When the Dow swooned 4.6% Monday, it spurred an even more extreme move in the so-called Wall Street fear gauge: the CBOE Volatility Index, also known as the VIX, spiked nearly 116% that day, then rose as much as another 37% Tuesday to its highest point in years—only to end the day down almost 20%. It was the widest swing in the history of the VIX".

Share this post

Link to post
Share on other sites
Sign in to follow this  
Followers 0