Traders bet on calm as Federal Reserve interest-rate cut looms: Crypto Daybook Americas

The main focus for the crypto market is the Federal Reserve's interest rate decision, though key volatility indexes suggest traders do not expect major price swings, with Bitcoin's one-day implied volatility near 40%, equating to only a 2% 24-hour swing. Traders are keen to hear Chairman Jerome Powell's commentary regarding the pause in rate cuts, as strong GDP data and inflation forecasts could signal increased caution. Meanwhile, Bitcoin briefly topped $89,000, and speculative interest is returning, evidenced by the CoinDesk Memecoin Index rallying over 17%. Another market factor is the looming U.S. government funding deadline, where a timely agreement could reduce risk premia, while a prolonged standoff might tighten liquidity.

(Source：CoinDesk)