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p>Investors are bracing for more gyrations in bitcoin and other cryptocurrency markets, as fears about a hawkish Federal Reserve threaten to squelch the market's appetite for risk.The volatility typically associated with cryptocurrency has been all over the news in recent weeks. Bitcoin is the most popular cryptocurrency, has gained nearly 33% as of Jan. 24 and was recently trading at $43,850. It has recovered from drop that cut prices in half compared to November's record highest. Its most popular rival, the ether , is up around 45percent from Jan. 24 and is trading at $3,200 as of Jan. 24, following a 56 percent plunge from its record high of $4,868, the same month in November.The advocates of cryptocurrency have previously denied their correlation to other assets bitcoin and its peers gained hugely over the recent two years. They've risen alongside stocks as Fed as well as other central banking institutions pumped huge amounts of stimulus into the world economy. Bitcoin has risen 1,039 percent from March 2020. Ethereum has increased by 2,940%, but the surges in both cryptocurrency have been marred by numerous stomach churning selling.The recent volatility in the market has occurred in the midst of a wider market selloff that was triggered by investors shifting their portfolios around to account for an increasingly aggressive Fed, which is now predicted to raise rates in the range of seven times in the coming year as it combats rising inflation. The benchmark S&P 500 index (.SPX) has dropped 5.5 percent since the start of the year, and the tech-heavy Nasdaq (.IXIC) have lost 9.3%.<img width="372" src="">Worries that an aggressive loosening and tightening cycles by central banks going further will hit the risky assets have made it difficult for traders to keep their optimistic outlook on bitcoin and other cryptocurrency An asset class already identified with intense volatility.<iframe src="https://www.youtube.com/embed/OfVumcKtpG8" width="560" height="315" frameborder="0" allowfullscreen></iframe>The escalating tensions in Ukraine the country where Washington warned that a Russian invasion could occur anytime soon, could result in market swings, investors said. read moreBitcoin does "really become the most powerful the market that has momentum, and there's plenty of risks that could lead to a 40% drop from the midst of the night," said Ed Moya Senior Analyst at Oanda.However, the volatility of Bitcoin isn't stopping some analysts from looking to determine the currency's fair value or identify potential price levels.Analysts at JPMorgan estimate bitcoin's current valuation at around $38,000 , which is about 15% below its current cost based on the fluctuation in comparison to that of gold. Gold is an asset investors often use to protect their portfolios from inflation and economic uncertainty.Vanda Research, meanwhile, has stated in a note that the bulk of bearish bets on a lower bitcoin price were entered at approximately $47,000 "there is a possibility of a significant short-squeeze if this threshold is met and retail investors are reintroduced into crypto-trading."As for the other side, correlations between the bitcoin as well as the S&P 500 rose to an all-time-high on January 31, according data that came from BofA Global Research, undercutting the argument for those who want to use bitcoin as an instrument to hedge against market volatility.Investors in the coming week can expect minutes from the Federal Reserve's most recent gathering on monetary policies, which will come to be released on Wednesday. http://www.benhvienvinhchau.com/Default.aspx?tabid=120&ch=15247 (WMT.N) and chipmaker Nvidia Corp (NVDA.O) will be among the companies to announce resultsas the corporate earnings season gets underway.Some investors are making plans to weather the volatility of bitcoin, believing that the value that blockchain technologies offer, its built-in supply limit and the network effect its technology produces, will last even in the face of frequent price fluctuations.Jurrien Timmer, director of global macro at Fidelity explained that the current cryptocurrency speculation to fluctuations in tech stocks seen during the dotcom era nearly two decades ago. boom and bust era that saw only a comparatively small group of businesses left standing."Amazon is still around and Apple is still in existence and they're stronger than ever and the assumption is that for bitcoin, it'll be just much the same" the analyst said. "But it's not immune to these waves of speculation or sentiment."Bitcoin could hit $100,000 by 2023. Timmer says, based on his supply/demand models.Some believe that mature cryptocurrency like the bitcoin and ether won't be able to deliver the kind of spectacular gains they have made since their inception.Instead, they're looking to the wide world of alternative coins being created to take advantage of the money pouring into the crypto-currency space, including the metaverse and NFTs, which accounted for 30 billion dollars worth of venture capital investment last year, according PitchBook?.Other altcoins include cosmos Terra Luna, and Polkadot in the range of 20.5%, 38% and 25.5% year-to-date, respectively, in accordance with coinmarketcap.com.The understanding of the risks that come with them and decentralized financing is likely to be among principal challenges facing investors in 2022, according to Lily Francus, director of quantitative research strategy at Moody's Analytics.Cryptocurrencies "are likely to remain extremely unpredictable in the near future, but there are some major players on the institutional side and the retail side that are growing, meaning that interest is still growing," said Oanda's Moya.

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