When It Comes to Volatility, Tech Stocks Are the New Bitcoin
- FANG+ price swings outpace digital currency like never before
- Sector in eye of global equity storm while Bitcoin languishes
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When it comes to wild price swings, all the action of late is with technology giants -- not Bitcoin.
The sector has been front and center of the global equity sell-off while the digital currency has remained listless. That’s pushed the spread between the 10-day volatility of the NYSE FANG+ Index and the digital currency to a record high of 46 percentage points, according to Bloomberg data.