Bitcoin Shrugs Off a Hawkish Fed as Volatility Bets Barely Budge
By Unchained
AI summary of the source article
Bitcoin spot and options markets remained largely steady after the Federal Reserve maintained interest rates at 3.75% to 4%. Deribit's volatility index showed little reaction despite two policymakers voting for a rate hike.
Key facts
- The FOMC held the federal funds rate at 3.75% to 4% in a 10-2 vote, with two members voting for a 25-basis-point hike.
- Deribit's DVOL index remained flat, moving from 37.59 at 2 p.m. ET to 37.58 at 4:45 p.m. ET.
- Bitcoin spot prices rose 0.33% on Coinbase, trading between $80,763 and $81,027 during the same period.
Source excerpt · Unchained
Deribit's bitcoin implied volatility index ended the afternoon where it started and bitcoin gained 0.33% on Coinbase, even as December hike odds rose after Kevin Warsh's Fed held rates at 3.75% to 4%. The post Bitcoin Shrugs Off a Hawkish Fed as Volatility Bets Barely Budge appeared first on Unchained .