Bitcoin Volatility Soars to FTX Levels as Prices Plunge Near $60K

Bitcoin's volatility index has surged to nearly 100%, matching the peak seen during the FTX collapse as prices dip close to $60,000.

The Bitcoin Volatility Index (BVIV) has surged dramatically, reaching close to 100%, a level not seen since the infamous FTX crisis in 2022. This spike indicates heightened uncertainty in the market as Bitcoin prices approach the $60,000 mark.

Investors are feeling the strain as the cryptocurrency's fluctuations mirror the instability witnessed during significant market events. The BVIV serves as a crucial indicator for traders, reflecting the fear and apprehension that often accompany drastic price movements.