Wall Street’s Fear Index Soars: Ripple Effects in the Crypto Market

The Chicago Board Options Exchange (CBOE) Volatility Index, commonly known as the VIX or Wall Street’s ‘fear index’, has experienced a dramatic surge recently. This significant jump signals heightened market uncertainty and raises questions about its impact on the volatile world of cryptocurrency. What exactly is behind this surge, and how does it affect the crypto market? 🤯 📈 📉