Odaily Planet Daily News: The Chicago Board Options Exchange Volatility Index (VIX) surged 74% yesterday, the largest single-day increase since February 2018, the second highest in history, and the second largest increase in the history of the index. VIX is an indicator of market panic and expected volatility in the next 30 days. Historically, a sharp rise in VIX marks the local bottom of Bitcoin and the S&P 500. Analysis pointed out that the surge was caused by the market panic caused by the Federal Reserve's 25 basis point rate cut and Powell's hawkish remarks, which caused Bitcoin to fall below $100,000 and U.S. stocks to fall by about 3%. (CoinDesk)