For years, Wall Street criticized bitcoin (BTC) for its volatility, but the situation has dramatically changed as President Donald Trump’s aggressive trade policies diminish the appeal of U.S. assets.
Since Trump’s Liberation Day tariff announcement on April 2, the seven-day realized volatility of the S&P 500, Wall Street’s benchmark equity index, has surged from an annualized 50% to 169%, according to data from TradingView. That’s the highest level since the coronavirus crash in 2020.
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