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p>Investors are preparing for further excitement in bitcoin and the other cryptocurrency, as fears of a hawkish Federal Reserve threaten to squelch the appetite for risk across markets.The volatility commonly related to cryptocurrency has been on full display in recent weeks. Bitcoin , the largest cryptocurrency, is now up 33% in the past month since Jan. 24. The price was last seen at $43,850. It's recovering from an ebb that cut its price by half from its record-setting highest. The primary competitor, Ether, has gained around 45% since Jan. 24 when it was trading around $3200, following a nearly 56% nosedive from its record-setting $4,868 the same month in November.While advocates of cryptocurrency once stated that they have no correlation to other assets Bitcoin and its counterparts saw huge gains over the past two years. They've been rising in tandem with stocks as Fed as well as other central banks infused extraordinary levels of stimulus into the world economy. https://userscloud.com/wlt4efda0tos is up 1,039 percent since the beginning of March, while Ethereum has surged by 2,940%. The gains in both have seen a flurry of stomach-churning selling.The recent volatility in the market has occurred amid a broad market selloff caused by investors recalibrating their portfolios to account for the more aggressive Fed that is scheduled to raise rates more than seven times in 2018 as it is fighting rising inflation. The standard S&P 500 index (.SPX) is down 5.5 percent in the year to date, while the technologically-oriented Nasdaq (.IXIC) was down by 9.3%. lost 9.3 percent..An edgy government tightening of the pace going forward will hurt more risky assets have made difficult for traders to keep their optimistic outlook on bitcoin and the other cryptos. This asset class has already been that has been identified as being extremely volatile.An increase in tensions in Ukraine the country where Washington warned that a Russian invasion could take place anytime soon, could spark broad market moves, investors said. Read moreBitcoin is "really become the ultimate market for momentum trading and there are lots of risk that could cause a 40% drop in a flash," said Ed Moya who is a senior analyst at Oanda.The volatility of Bitcoin hasn't stopped analysts from looking to determine the market's value, and identifying potential price levels.Analysts at JPMorgan estimate bitcoin's current fair value as $38,000 - some 15% below its current price based on its volatility in comparison with that of gold. https://files.fm/f/w8f2rmpq3 is an asset commonly used by investors to protect their portfolios from rising inflation and economic uncertainty.<iframe src="https://www.youtube.com/embed/OfVumcKtpG8" width="560" height="315" frameborder="0" allowfullscreen></iframe>Vanda Research, meanwhile, reported in a recent document that the majority of bearish bets placed on a weaker bitcoin price were placed around $47,000 "there could be a major short squeeze if the threshold is reached, and retail investors are reintroduced into crypto-trading."<img width="447" src="">While bitcoin's correlations with as well as the S&P 500 rose to an all-time high on Jan 31st, according to research provided by BofA Global Research, undercutting the logic of those hoping that they can use the cryptocurrency to an asset to shield against market volatility.Investors can look forward to minutes of the Fed's last annual meeting of its monetary policy committee, due out on Wednesday. Walmart (WMT.N) in addition to chipmaker Nvidia Corp (NVDA.O) will be among the companies to report results, as corporate earnings season begins.Some investors are steeling themselves to take on the volatility of bitcoin, hoping that the longer-term value for blockchain tech, its built in supply limit, and the effects it produces, will endure despite the frequent price changes.Jurrien Timmer director of global macro at Fidelity, likened the current speculation about cryptocurrency to the volatility experienced by tech stocks during the dotcom boom nearly two decades ago. boom and bust period that resulted in an incredibly small percentage of companies remaining."Amazon is still in existence and Apple is still around , and they're bigger than ever and the thinking is that for bitcoin it'll be exactly similarly," he said. "But it's not immune to those waves of speculation and sentiment."Bitcoin could hit $100,000 by 2023, Timmer claims, following his supply/demand modeling.Others think that mature cryptocurrency such as bitcoin and ether are unlikely to make the amazing gains they have seen since the time of their creation.Instead, they're turning to the wide world of alternative currencies that are being created to benefit of the money pouring into the space of crypto which includes the metaverse as well as NFTs, which saw $3 billion in venture capital investment in the last year, according to PitchBook?.There are a few altcoins like cosmos, Terra Luna, and Polkadot in the range of 20.5% 38%, 20.5% and 25.5 percent from the beginning of the year, respectively by coinmarketcap.com.Understanding the risks related to their decentralized nature and financial systems is going to be one of the most difficult issues for investors by 2022, says Lily Francus, director of quantitative research strategy at Moody's Analytics.Cryptocurrencies "are going to remain very volatile for the foreseeable future, but there are some significant players on both the institutional side and the retail side that are still expanding, so the market is still growing," said Oanda's Moya.

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