Bitcoin Volatility Index BVIV Jumps Nearly 20% as Bitcoin Falls to $66,000
CoinDesk says Bitcoin fell below the closely watched $66,000 level on Tuesday, posting its biggest one-day decline since early February as BVIV rose nearly 20%, signaling renewed market anxiety.
Bitcoin fell to and below the closely watched $66,000 level on Tuesday, posting its largest one-day decline since early February as it dropped more than $4,500 and more than 6%, according to the provided reports and CoinDesk. At the same time, the Bitcoin Volatility Index (BVIV) jumped nearly 20% to 46.45%, its biggest daily increase since Feb. 5, indicating a sharp return of market fear after roughly two months of relatively subdued volatility. The move stood out because Bitcoin had already declined from $82,000 to $75,000 in the previous week without triggering a similar jump in expected volatility, suggesting traders were more abruptly reassessing near-term risk during the latest sell-off.
- BVIV: The Bitcoin Volatility Index, which tracks expected volatility in Bitcoin and reflects how strongly traders anticipate future price swings.
- Spot price: The current market price at which an asset such as Bitcoin is trading for immediate purchase or sale.
- Volatility: A measure of how sharply an asset’s price moves over time; in this case, it includes both Bitcoin’s price swings and the market’s expectations for future movement.