$BTC Bitcoin price volatility expected ahead of September FOMC meeting — here’s how to prepare

Bitcoin (BTC) has repeatedly failed to close above $62,000 since August 3, and is currently down 11% over the past 30 days. More significantly, the cryptocurrency has detached from the S&P 500, which is up 1% in the same period and just 1% below its all-time high.

Bitcoin price in US dollars (right) versus S&P 500 futures (left), 12-hours. Source: TradingView

Investors are expecting risk markets, including bitcoin, to see big gains if the Fed cuts interest rates, and professional traders are using bitcoin options to maximize gains while limiting risk.