Wall Street freaked out Friday. VIX and bitcoin say the fear may fade Monday.
Summary
Equities tumbled on Friday, prompting a sharp increase in the VIX measure of market tension. However, historical data shows that sudden drops occurring at the end of the week frequently ease by Monday. Seasonal patterns alongside steady performance in bitcoin also indicate that the latest financial anxiety may soon dissipate.
Wall Street's fear gauge, the VIX index, spiked on Friday as stocks dropped. History says Friday panics usually fade on Monday. Seasonality and calm bitcoin suggest the same.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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