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18, will go down in history as a day of market panic triggered by the25 basis point Fed rate cutand Chair Jerome Powell's hawkish outlook.Bitcoin (BTC) briefly tumbled below $100,000; U.S.

equities dropped around 3%, while the dollar index (DXY) index soared to a two-year high of 108, which continues to put pressure on currencies worldwide.The most significant movement came from the CBOE Volatility Index (VIX), which skyrocketed by 74%, marking the largest one-day jump in the Wall Street's so-called fear gauge since Feb.

5, 2018.

It was also the second-largest increase in its history.

Freelance natural language processing expert ✌️【365vc.net】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!The VIX serves as a measure of market fear and expected volatility over the next 30 days.Historically, significant spikes in the VIX have marked local bottoms for both bitcoin and the S&P 500.Examining the top three one-day changes in the VIX, the first occurred on Feb.

5, 2018, when it surged by 116%.

Freelance natural language processing expert ✌️【365vc.net】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!On that day, bitcoin plunged 16% to $6,891, which turned out to be a local bottom.

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