Move Over, Bitcoin. The VIX Has You Beat for Volatility
This article is for subscribers only.
If you think bitcoin’s moves are extreme, look at what’s happened to the Cboe Volatility Index. The VIX’s 10-day volatility increased to a record 520 percent Wednesday as stocks rebounded for a fourth day from their plunge last week. The reading was not only the highest in the VIX’s 28-year history, but also surpassed the cryptocurrency’s peak for the past 7 1/2 years: 501 percent, set in April 2013.