The Federal Open Market Committee (FOMC), the American Federal Reserve’s monetary political policy, is intended to publish its interest rate review later in the day along with growth and inflation projections and interest rate forecast.
The widely seen event is likely to breed the crypto market valley, which encourages 3% to 5% price fluctuations in Bitcoin (BTC), Ether (ETH) and Solana (Sun). That’s the message from Volmex’s one-day implicit volatility index tied to BTC, ETH and SOL.
At. 12:30 UTC signaled Bitcoin One-Day IV index (BVIV) an annual volatility of 63.32%, which corresponds to an expected 24-hour price swing of 3.31%. The daily feature is calculated by dividing the annual figure by the square root of 365, the total number of trading days per year.
Similarly, the Ether and Solana volatility index suggested 24-hour price fluctuations of 5.25% and 5.73% respectively.
These numbers may be daunting for equity or currency traders, but do not represent a greater deviation from the normal in the crypto market. In other words, the bold event, although crucial, is unlikely to result in an immediate volatility explosion.
The central bank is expected to keep the benchmark -lock cost stable, while signaling an end to its long -lasting quantifying tightening program. However, gains in risk assets may be tempered by a potential stagflationary adaptation in the summary of financial projections.
