On Wednesday, the FED announced its interest rate decision, which is closely followed by Bitcoin and altcoins, and with a 25 basis point increase in interest rates, it brought interest rates to a 22-year high of 5.5%.
While the rate hike decision came in line with expectations, there was no significant change in the text of the decision. After making a statement, Powell left investors in a dilemma.
While investors remain in a bear or bull dilemma, BTC maintained $29,000 with low volatility.
Evaluating Bitcoin's movements, Matrixport research head Markus Thielen said that returns are low due to low volatility in BTC, so investors should turn to options options.
According to the report of Coindesk, Matrixport stated in its report that crypto investors should consider turning money from Bitcoin and converting it into BTC-linked options to optimize their returns.
“During the summer, the cryptocurrency market was quiet, which brought down trading volumes and volatility.
Low volatility makes it an option for Bitcoin investors. At this point, investors may be advised to exchange their spot Bitcoins for BTC options.
Because low volatility makes BTC option prices cheaper.
While this allows Bitcoin to retain its gains since early 2023, switching to options allows investors to participate in any upside rally.”
*Not investment advice.
