Fed to announce interest rate resolution at 2am tomorrow, implied volatility shows BTC, ETH may fluctuate by 3-5 per cent

The Federal Open Market Committee (FOMC) of the Federal Reserve is reportedly set to release its interest rate assessment, growth and inflation forecasts, and interest rate outlook tomorrow at 2:00 a.m. Volmex's One-Day Implied Volatility Index data suggests that this much-anticipated event could trigger volatility in the crypto market, resulting in price swings of 3% to 5% for Bitcoin, Ether, and SOL.

As of 12:30 p.m. UTC, the Bitcoin One-Day Implied Volatility Index (BVIV) showed an annualised volatility of 63.32 per cent, which translates to an expected 24-hour price fluctuation of 3.31 per cent. Similarly, the ethereum and SOL volatility indices suggest 24-hour price swings of 5.25% and 5.73%, respectively.