Fed to announce interest rate decision tomorrow at 2 a.m. Implied volatility shows BTC, ETH to fluctuate 3%-5%

On 19 March, the Federal Open Market Committee (FOMC), the US Federal Reserve's monetary policy-setting body, is expected to release its interest rate assessment, growth and inflation projections, and interest rate forecasts at 2am BST tomorrow.

Volmex's one-day implied volatility index linked to BTC, ETH and SOL suggests that this much-anticipated event could trigger turmoil in the cryptocurrency market, fuelling price swings of between 3 and 5 per cent for bitcoin (BTC), ethereum (ETH), and solana (SOL), according to analysts at Coindesk.