It is Fed Day again, and merchants are looking for signs about how much volatility this key event could cause. According to implicit Volmex volatility indices, the main tokens could see price changes, but nothing is anticipated out of the ordinary.
According to Data Source TrainingView, the Anualized Bitcoin Volatility Index of a Volmex day (Bvvvv) stood at 49% from writing, which is equivalent to an expected price change of 24 hours of 2.56%.
In other words, Bitcoin could go through $ 2,470 in any direction. When writing, Bitcoin changed hands to about $ 96,500.
The expected daily volatility in percentage terms is determined by dividing the percentage annualized by the square root of 365, since the digital asset market is open 24 hours a day, 7 days a week. In traditional markets, annualized daily conversion implies the square root of 252 days.
When writing, the annualized volatility of a day of ETH was 66%, which suggests a 24 -hour price swing of 3.45%. Similarly, the implicit volatility index of Volmex suggested a 24 -hour 4.3% movement in the Token Sol de Solana.
Volmex does not publish volatility rates linked to cryptocurrency centered on XRP payments. That said, the expected movement in the Token could be measured from the front volatility (IV) front derived from the options listed in Delibit.
Forward IV for May 8 was 77.98% at the time of publication, according to the Amberdata data source. That is equivalent to an expected movement of 4.08%.
The Federal Reserve will announce its rate of rate at 6:00 p.m. UTC, which will be followed by the press conference of President Jerome Powell at 18:30 UTC.
The Central Bank is expected to maintain unchanged fees, but comments on the economic perspectives against the backdrop of the commercial war and the possibility of a rate cut in June could move the markets.
