VIX Index Shows Stocks ‘Fear’ Most Since 2008 Crisis, Birth of Bitcoin

Bitcoin (BTC) hitting two-month lows is nothing compared to aspects of the fiat economy — some saw their worst day since the 2008 global financial crisis.

As coronavirus panic gripped markets worldwide, so did intense bouts of volatility as various stock exchanges opened after the weekend.

Greenspan: “investors are freaking out”

On Wall Street, trading lasted just minutes on Monday morning before stocks lost so much value that risk reduction systems automatically halted all activity. 

Meanwhile, the Dow Jones saw its worst day in history in terms of points, opening down 1,758 points and in terms of percentage rivaling its 2008 performance.

In the United Kingdom, the FTSE 100 index likewise put in its worst showing since the crisis twelve years ago. 

Bitcoin investors were grappling with a similar shock to the system after BTC/USD shed 15% overnight to land at around $7,650 on Monday before bouncing higher. 

For Cointelegraph Markets analyst Mati Greenspan, however, traditional…