It’s Fed Day again and dealers are looking for signals about how much volatility this key event can trigger. According to Volmex’s implied volatility index, greater tokens could see price fluctuations, but nothing unusual is expected.

According to Data Source TradingView, Volmex’s annual one-day Bitcoin implicated Volatility Index (BVIV) was 49% as for writing, which corresponds to an expected 24-hour price swing of 2.56%.

In other words, Bitcoin could swing by $ 2,470 in both directions. From writing, Bitcoin changed hands on about $ 96,500.

The expected daily volatility in percentage is determined by dividing the annual percentage by the square root of 365, as the market for digital assets is open 24/7. In traditional markets, conversion involves annually to daily square root of 252 days.

From writing, ETH’s annual volatility was 66%, which suggested a 24-hour price swing of 3.45%. Similarly, Volmex’s one-day implicit volatility index suggested a 24-hour drag of 4.3% in Solana’s Solan token.

Volmex does not publish the volatility index tied to payments-focused cryptocurrency XRP. That said, the expected step in the token could be measured from the future implicit volatility (IV) derived from settings listed on abandonment.

The forward IV for May 8 was 77.98% at the time of press according to the data source Amberdata. This corresponds to a one-day expected movement of 4.08%.

The Federal Reserve announces its rate decision at 1 p.m. 18:00 UTC, which will be followed by President Jerome Powell’s press conference at. 18:30 UTC.

The central bank is expected to have SATS unchanged, but comment on the financial prospects against the background of the trade war and the possibility that a rate cut in June could move markets.