Bitcoin, Ether and Solana are likely to see 3% to 5% price swings on the FOMC rate decision
The Federal Open Market Committee (FOMC), the body of the US Federal Reserve financial policy, ended to publish its rate analysis later during the day, with the growth and inflation projection and forecast of the interest rate.
The widely watched event is likely to breed volatility in the crypto market, which has evolved 3% to 5% price swings in Bitcoin (BTC), Ether (ETH) and Solana (SOL). That’s the message from Volmex’s A day indicated indices of volatility tied to BTC, ETH and Sol.
At 12:30 UTC, the Bitcoin One-Day IV Index (BVIV) signed an annual volatility of 63.32%, equivalent to an expected 24-hour price swing of 3.31%. The sun -moving is calculated by dividing the annual figure of the square root of 365, the total number of trading days a year.
Similarly, Ether and Solana’s volatility indices have suggested a 24 -hour price of swings of 5.25% and 5.73%, respectively.
These figures may be scary for equity or money entrepreneurs but do not represent a major deviation from normal in the crypto market. In other words, the Fed event, even pivotal, is unlikely to result in an immediate explosion of volatility.
The middle bank is widely expected to keep the benchmark borrowing cost While signing An end of its long -standing quantity of tightening program. However, those acquired at the risk of risk may be impulsive by a potential stagflationary adjustment in the summary of economic projections.
