The Federal Reserve will announce its interest rate decision at 2 a.m. tomorrow, with implicit volatility showing that BTC, ETH may fluctuate by 3%-5%.
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Golden Finance reported that the Federal Open Market Committee (FOMC) will announce interest rate assessment, economic growth and inflation forecasts and interest rate outlook at 2 a.m. Beijing time tomorrow. Volmex's one-day implied volatility index data shows that this highly-watched event may trigger volatility in the crypto market, resulting in 3% to 5% price fluctuations in Bitcoin, Ethereum and SOL.
As of 12:30 UST, the Bitcoin One-Day Implicit Volatility Index (BVIV) showed an annualized volatility of 63.32%, which is equivalent to the expected 24-hour price fluctuation of 3.31%. Similarly, the Ethereum and SOL volatility indexes predict 24-hour price volatility of 5.25% and 5.73% respectively.