Bitcoin 'volatility fear gauge' hits FTX-blowup peak as prices crater to nearly $60,000

The "volatility fear gauge" associated with Bitcoin has reached its highest point following the collapse of the FTX exchange, as the cryptocurrency's prices have plummeted to nearly $60,000. This surge in volatility indicates increased investor anxiety and uncertainty in the market, reflecting the significant impact of recent events on Bitcoin's value. As traders react to the changing landscape and the fallout from the FTX incident, the fear and apprehension surrounding Bitcoin's future continue to grow, leading to dramatic fluctuations in its price. source: https://www.coindesk.com/markets/2026/02/06/bitcoin-s-panic-gauge-spikes-to-its-highest-since-ftx-s-collapse-as-prices-crater-to-nearly-usd60-000