VIX Surges Above 35 as Bitcoin Rallies Past $69K
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- VIX surged above 35, its highest level in nearly a year, indicating heightened fear in traditional markets.
- BVIV spiked above 96 in early February when Bitcoin fell to $60,000, then fell back to just above 60, suggesting crypto markets have already passed their panic phase.
- Bitcoin rose roughly 5% over the past 24 hours, trading above $69,000, diverging from the broader market downturn.
- WTI crude briefly surged to around $120 per barrel before retreating toward $100, contributing to market volatility.
- VIX historically aligns with Bitcoin lows, as seen in April 2025 (VIX ~60, Bitcoin ~$75k), August 2024 (VIX >64, Bitcoin ~$49k), and March 2023 (VIX >30, Bitcoin ~$20k).
Why it matters: Investors in equities and safe‑haven assets face heightened risk as the VIX tops 35, while crypto traders see relief because Bitcoin’s volatility has subsided and its price is climbing, indicating the crypto panic phase has passed today globally for investors.
