Published by
Benzinga
While the stock market tumbled Thursday, demonstrated by the S&P 500 closing down 0.77%, Bitcoin took a major hit, closing that 24-hour trading session 7.15% lower, amid increased worry the Federal Reserve will continue its rate hike campaign into the end of the year. Consequently, volatility in the stock market rose, with the Volatility S&P 500 Index shooting up 6.74% Thursday to close at 17.90. Fractures in the general market started to appear earlier this week, when major indices lost significant support levels. This caused the ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE: SPKY) to s…
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