On September 17, the Federal Reserve is anticipated to cut interest rates by at least 25 basis points, resulting in increased market turbulence. Traders anticipate reduced risk leading up to the Fed meeting, but expect a spike in volatility thereafter.
Following the forecasted market fluctuations, Bitcoin (BTC) is likely to experience price changes reflecting the turmoil in the broader financial markets. The growing correlation between Bitcoin and the VIX highlights this relationship.
Leave a Reply