Bitcoin, Ether, Solana Expected to Experience 3%-5% Price Swings Today
The Federal Open Market Committee (FOMC) will release its rate review, growth and inflation projections, and interest rate forecast today. This event is expected to cause crypto market volatility, with anticipated price swings of 3% to 5% for major cryptocurrencies.
- Bitcoin's one-day implied volatility index indicates a 24-hour price swing of 3.31%.
- Ether's index suggests a 5.25% price swing.
- Solana's index predicts a 5.73% price swing.
Despite these figures, the volatility is considered normal for the crypto market. The central bank is likely to maintain current borrowing costs while hinting at an end to quantitative tightening. However, potential stagflation may limit gains in risk assets.