Upcoming Federal Reserve Interest Rate Decision May Cause 5% Price Fluctuations in Bitcoin (BTC)

On March 19th, COINOTAG reports that the Federal Open Market Committee (FOMC), which is responsible for setting monetary policy in the United States, will unveil crucial updates regarding interest rates, growth and inflation projections at 2 a.m. Beijing time tomorrow. Analysts from Coindesk have highlighted that the Volmex single-day implied volatility index, which tracks BTC, ETH, and SOL, indicates the potential for significant market fluctuations. The anticipation surrounding this announcement suggests that the cryptocurrency sector may experience price volatility ranging from 3% to 5% for major assets such as Bitcoin, Ether, and Solana. Investors are advised to monitor these developments closely, as they could have substantial implications for market dynamics and trading strategies.