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  • S&P/TSX

    21,656.05
    +13.18 (+0.06%)
     
  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     
  • DOW

    37,753.31
    -45.66 (-0.12%)
     
  • CAD/USD

    0.7268
    +0.0004 (+0.06%)
     
  • CRUDE OIL

    82.82
    +0.13 (+0.16%)
     
  • Bitcoin CAD

    84,628.89
    -3,228.89 (-3.68%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,384.90
    -3.50 (-0.15%)
     
  • RUSSELL 2000

    1,947.95
    -19.53 (-0.99%)
     
  • 10-Yr Bond

    4.5850
    -0.0740 (-1.59%)
     
  • NASDAQ futures

    17,711.75
    +53.25 (+0.30%)
     
  • VOLATILITY

    18.21
    -0.19 (-1.03%)
     
  • FTSE

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    +27.63 (+0.35%)
     
  • NIKKEI 225

    38,005.58
    +43.78 (+0.12%)
     
  • CAD/EUR

    0.6808
    +0.0006 (+0.09%)
     

Bitcoin is the market's new fear gauge, investor says

Price changes in bitcoin and other cryptocurrencies are a better indicator of volatility in the market — as good as the VIX, says Brian Stutland of Equity Armor Investments. "There is huge correlation right now between VIX and bitcoin 30 days ago," he says. Cryptocurrencies allow investors to move their money off the balance sheets of banks and decrease credit risks.