What Is the VIX Index and Is There a Cryptocurrency Equivalent?

The VIX (Cboe Volatility Index) is a key measure of the stock market's expectation of future volatility, often called the "fear index." While there is no single, universally adopted VIX for the entire crypto market, projects like the Cboe Bitcoin Volatility Index (BVIX) or other decentralized volatility indexes attempt to track the implied volatility of crypto options.