Fed to announce interest rate decision tomorrow at 2 a.m. Implied volatility shows BTC, ETH to fluctuate 3%-5%
On 19 March, the Federal Open Market Committee (FOMC), the US Federal Reserve's monetary policy-setting body, is expected to release its interest rate assessment, growth and inflation projections, and interest rate forecasts at 2am BST tomorrow.
Volmex's one-day implied volatility index linked to BTC, ETH and SOL suggests that this much-anticipated event could trigger turmoil in the cryptocurrency market, fuelling price swings of between 3 and 5 per cent for bitcoin (BTC), ethereum (ETH), and solana (SOL), according to analysts at Coindesk.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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