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.

Reference: https://cointelegraph.com/news/deutsche-bank-analysts-low-volatility-on-wall-street-brings-investors-to-crypto