Volatility has quickly returned as the global markets pulled back in a major way Wednesday. Now, the S&P 500 Volatility Index (VIX) is up over 61% in the last 24 hours, bringing it to levels last seen in March of this year.
More pain followed after U.S. markets closed as major European indices started trading down substantially, although the DAX is now only down 0.6%. Additionally, S&P 500 futures (Dec. 18) are currently down 0.16%
While global stock markets continue to bleed, the cryptocurrency market has also succumbed to the downward selling pressure. The AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, has fallen 7% in the last 24 hours.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.