At 10 am on Monday morning, bankers were seen leaving Deutsche Bank offices with white severance envelopes and bags of personal belongings. Some were in tears. Others gathered in local bars to drown their sorrows. The Deutsche Bank axe was swift and sharp, culling some 18,000 jobs in a matter of days. Continue reading This Banker-Turned-Crypto Executive Called the Deutsche Bank Dumpster Fire
Analysts at Deutsche Bank released a note to clients on Friday, Jan. 19 stating that there is a growing correlation between the price of Bitcoin (BTC) and the CBOE Volatility Index (VIX), also known as Wall Street’s “Fear Index.”
Masao Muraki, a global financial strategist at Deutsche Bank, along with two colleagues Hiroshi Torii and Tao Xu, wrote in the note that a lack of fluctuation and volatility in the stock market is leading investors to look elsewhere to make money.
BTC is currently trading at an average of $11,834, down 1.02 percent over the 24 hours to press time.