Stock market volatility hits one-year high, possibly marking bitcoin bottom

Bitcoin has its own volatility gauge (BVIV), and that spiked in early February, suggesting crypto markets may have already experienced their panic phase. What to know : The VIX, a measure of stock market volatility — often referred to as Wall Street's fear gauge — surged above 35, a level that has historically aligned with bitcoin market lows. Bitcoin’s volatility gauge, BVIV, suggests the crypto market already experienced its panic phase back in February.