Live updates: Bitcoin dips to $81,000 as stocks slide, VIX soars ahead of Black Monday anniversary — SkimNews
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- VIX volatility index soared 22% on the day, living up to its reputation as Wall Street's "fear gauge" as markets sold off broadly.
- Nasdaq fell 2.15% — a notable drop, though nowhere near the S&P 500's 5% decline on the equivalent Friday 39 years ago before the 1987 crash.
- Bitcoin slipped to $81,500, down 1% over 24 hours, though the source notes it bounced off session lows during the trading day.
- Monday will mark the 39-year anniversary of October 19, 1987's Black Monday, when the S&P 500 plunged more than 20% — a coincidence the source flags openly.
- Unconfirmed rumors circulated throughout the session of an individual or group being "blown out" of their positions, though no source confirmed the chatter.
Why it matters: The VIX's 22% spike and Nasdaq's 2.15% drop signal acute intraday fear, with traders citing unconfirmed rumors of a large forced position unwind. While far milder than the 5% S&P 500 decline on the equivalent Friday before 1987's crash, the timing into the Black Monday anniversary has unnerved a market already absorbing Bitcoin's slide to $81,500.
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