News Formal

Market Volatility Spurs Bitcoin Dip and S&P 500 Decline

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 62 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 63%

Finance ニュース

Bitcoin,Volatility,Fed

A 74% surge in the CBOE Volatility Index (VIX) triggered a market selloff, pushing Bitcoin below $100,000 and sending U.S. equities down 3%. Historical data suggests this spike in market fear could be followed by a rebound in both Bitcoin and the S&P 500.

Markets reacted negatively to the Fed's 25 basis point cut and hawkish outlook, causing bitcoin to tumble below $100,000 and U.S. equities to drop by 3%. The CBOE Volatility Index (VIX) jumped 74% on Wednesday, marking the biggest one-day jump since Feb. 5, 2018. Historical data suggests that significant spikes in the VIX are often followed by strong performance of bitcoin and the S&P 500.Bitcoin (BTC) briefly tumbled below $100,000; U.S.

equities dropped around 3%, while the dollar index (DXY) index soared to a two-year high of 108, which continues to put pressure on currencies worldwide. The most significant movement came from the CBOE Volatility Index (VIX), which skyrocketed by 74%, marking the largest one-day jump in Wall Street's so-called fear gauge since Feb. 5, 2018. It was also the second-largest increase in its history. The VIX serves as a measure of market fear and expected volatility over the next 30 days. Historically, significant spikes in the VIX have marked local bottoms for both bitcoin and the S&P 500. Examining the top three one-day changes in the VIX, the first occurred on Feb. 5, 2018, when it surged by 116%. On that day, bitcoin plunged 16% to $6,891, which turned out to be a local bottom. By Feb. 20, prices had rebounded to over $11,000.The third biggest spike happened on Aug. 5, 2024, during the Yen carry trade unwind, when the VIX jumped 65%. On that occasion, bitcoin dropped 6% to hit a local bottom around $54,000 and climbed back up to over $64,000 by Aug. 23.Let's see if history repeats itself. At press time, BTC traded above $102,000 while the S&P 500 futures pointed to a positive open with a 0.37% gain

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 291. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

S&P 500 Dominance Amidst Market VolatilityThis article analyzes the current state of the US stock market, highlighting the S&P 500's strong performance despite volatility in other indices. It discusses potential pullbacks, the dominance of US technology, and the divergence between the regular S&P 500 and its equal-weighted counterpart.
ソース: nbcsandiego - 🏆 524. / 51 続きを読む »

Market Volatility: Is the S&P 500 at Risk?The Nasdaq reaches record highs while the Dow struggles with a potential nine-day losing streak. The S&P 500, though flat recently, remains strong with a 28% gain this year. Despite high market exuberance and concerns about a tech or AI bubble, experts suggest holding onto the S&P 500 for the long term due to its dominance in the global market.
ソース: nbcchicago - 🏆 545. / 51 続きを読む »

Market Volatility: Is the US Stock Market in a Bubble?The article discusses the current state of the US stock market, highlighting the record highs of the Nasdaq, the Dow's recent losing streak, and the flat performance of the S&P 500. It analyzes the market's exuberance, potential for a pullback, and the attractiveness of traditional S&P 500 investments.
ソース: NBCNewYork - 🏆 270. / 63 続きを読む »