VIX Soars 74% as Fed Rate Cut Sends Bitcoin Below $100K

Quick Summary:

VIX Spikes 74% as Fed Rate Cut Triggers Bitcoin Drop Below $100K On December 18, 2024, financial markets witnessed dramatic turbulence as the Chicago Board Options Exchange (CBOE) Volatility Index (VIX) skyrocketed 74%, marking its largest single-day jump since 2018.

This surge came on the heels of a 25-basis-point rate cut by the U.S.

Bitcoin’s ability to regain momentum and broader market stabilization will be critical in the weeks ahead.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News VIX spikes VIX

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 13:51:25 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24568488

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 29 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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Publisher ID: #121

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