It is again on Fed day, and traders are looking for clues to the quantity of volatility that this key event could trigger. According to implicit volmex volatility indices, the main tokens could see price oscillations, but nothing ordinary is planned.
According to Data Source TradingView, the Volmex Annual Bitcoin Volatility Index (BVIV) was 49% for writing, which is equivalent to an expected price switch of 24 hours of 2.56%.
In other words, Bitcoin could swing $ 2,470 in both directions. During the editorial staff, Bitcoin changed hands at around $ 96,500.
The daily volatility expected as a percentage is determined by dividing the percentage annulized by the square root of 365, because the digital asset market is open 24/7. On the traditional markets, the conversion of annoyoussis on a daily basis implies the square root of 252 days.
During the drafting, the annualized volatility of a day of ETH was 66%, which suggests a price swing of 24 hours of 3.45%. Likewise, the implicit volatility index for a day of Volmex suggested a movement of 4.3% in 24 hours in the Solana soil token.
VOLMEX does not publish volatility indications linked to cryptocurrency focused on XRP payments. That said, the movement expected in the token could be assessed of the implicit volatility (IV) of the front derived from the options listed on DIFIBUT.
The Forward IV for May 8 was 77.98% at the time of the press, according to the Amberdata data source. This is equivalent to an expected decision of a day of 4.08%.
The Federal Reserve will announce its rate decision at 6:00 p.m. UTC, which will be followed by President Jerome Powell’s press conference at 6.30 p.m. UTC.
The Central Bank should have unchanged rates, but comments on economic prospects in the context of the trade war and the possibility of dropping rate in June could move the markets.
