Fed’s Rate Decision Expected to Influence Bitcoin, Ether, and Solana Volatility
Traders are preparing for potential volatility ahead of the Federal Reserve's rate decision. Key points include:
- Volmex's implied volatility indices suggest major tokens may experience typical price swings.
- Bitcoin's annualized one-day implied volatility index (BVIV) is at 49%, indicating a possible 24-hour price swing of $2,470, with current trading around $96,500.
- Ethereum's annualized one-day volatility is 66%, suggesting a 24-hour price swing of 3.45%.
- Solana (SOL) has an expected price move of 4.3% based on Volmex's index.
- XRP's forward implied volatility is 77.98%, equating to a one-day expected move of 4.08%.
- The Fed's rate announcement is scheduled for 18:00 UTC, followed by a press conference at 18:30 UTC.
- No change in rates is anticipated, but commentary on economic outlook and possible June rate cuts could influence market movements.