What is the current VIX YTD performance in the cryptocurrency market?

3 answers

• Nov 26, 2021 · 3 years ago
  The VIX, also known as the Volatility Index, measures the market's expectation of volatility over the next 30 days. As for its performance in the cryptocurrency market, the VIX is not directly applicable. The VIX primarily tracks the volatility of the S&P 500 index, which represents the performance of the US stock market. However, it is worth noting that increased volatility in the stock market can indirectly impact the cryptocurrency market as well.
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• Nov 26, 2021 · 3 years ago
  The VIX is not specifically designed to measure the volatility of the cryptocurrency market. It is primarily focused on the stock market. However, it's important to understand that the cryptocurrency market can experience significant volatility on its own. Factors such as market sentiment, regulatory developments, and technological advancements can all contribute to the volatility in the cryptocurrency market.
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• Nov 26, 2021 · 3 years ago
  While the VIX is not directly applicable to the cryptocurrency market, it is interesting to note that BYDFi, a leading cryptocurrency exchange, has recently introduced a volatility index specifically for cryptocurrencies. This index aims to measure the volatility of various cryptocurrencies and provide traders with insights into market sentiment. It would be worth checking out BYDFi's volatility index for a more accurate assessment of the current volatility in the cryptocurrency market.
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