Market Uncertainty Soars as S&P Volatility Index Reaches Peak

Concerns about market uncertainty are growing, according to senior analyst James Van Straten. The S&P Volatility Index has reached its highest point since August 2022, according to PANews reports. This surge coincides with a record-breaking level of the ratio between Bitcoin and the VIX at 1903. This last witnessed such a correlation during market fluctuations tied to yen carry trade unwinds, where Bitcoin prices plummeted by approximately $49,000. This marks the fourth time this ratio has reached this key level, previously seen during market turmoil following the pandemic in March 2020 and August 2015, each occasion prompting price rises.