p>Investors are waiting for more excitement in bitcoin and the other cryptocurrencies, while worries about an overly aggressive Federal Reserve threaten to squelch market appetite for risk in all markets.</p><p>The volatility that is typically associated with cryptocurrencies is visible over the past few weeks. Bitcoin is the biggest cryptocurrency, is up around 33% over the course of Jan. 24 and has recently traded at $43,850. It's recovering from falling to a point that cut the price in half from November's record-setting peak. Its biggest rival, Ether, is climbing around 40% since Jan. 24 when it was trading around $3200 and has seen a nearly 56 percentage plunge from its previous record-setting $4,868 the same month in November.</p><p></p><p>The advocates of cryptocurrency have previously denied their correlation to other assets however, bitcoin as well as its rivals enjoyed huge gains over two years that followed, rising along with stocks while the Fed and central banks released unprecedented levels of stimulus into the global economy. http://www.trungtamytechomoi.com.vn/Default.aspx?tabid=120&ch=17540 has increased by 1,039 percentage since March 2020. the ether price has increased 2940%, however the growth in both cryptos have stopped by several stomach churning selloffs.</p><p></p><p>The recent volatility in the market has come amid a broader market selloff driven by investors updating their portfolios to make room for an increasingly aggressive Fed which is expected to raise rates up to seven times over the course of this year, as it combats rising inflation. https://anotepad.com/notes/ktb54t4t that is the benchmark S&P 500 index (.SPX) is down 5.5 percent year-to-date, whereas the technologically-oriented Nasdaq (.IXIC) has lost 9.3%.<img width="327" src="https://4.bp.blogspot.com/-a8DDulkrNHw/XE992ZLz-7I/AAAAAAAABc4/EXQp5susQCU3LpSkuKVk1Zj7IFIMkqsXwCKgBGAs/s0/what-you-should-know-about-bitcoin-and-taxes-infographic.jpg"></p><p>Insecurity that a rapid government tightening of the pace moving forward will hurt volatile assets has made difficult for some traders to maintain their bullish view on bitcoin and other cryptos as an asset class associated with extreme volatility.</p><p></p><p>An increase in tensions in Ukraine that are escalating in Ukraine, where Washington warned a Russian invasion could be imminent anytime soon, could cause market volatility according to investors. read more</p><p>Bitcoin It has "really become the most powerful trading platform and there are so many risks that can create a 40% drop that appears out of thin air," said Ed Moya Oanda's senior analyst. Oanda.</p><p>Bitcoin's volatility hasn't stopped some analysts from trying to figure out the market's value, or pinpoint potential prices.</p><p>Analysts at JPMorgan estimate bitcoin's current price at around $38,000 - some 15% lower than the current price based on its high volatility in comparison to that of gold, a different asset investors often use to protect their portfolios from rising inflation and economic uncertainty.</p><p>Vanda Research, meanwhile, published a note that most of the bearish bets made on a less bitcoin price were entered at around $47,000 "there could be a huge short squeeze if the threshold is met and retail investors return to trading on cryptocurrency."</p><p>Meanwhile, correlations between bitcoin and the S&P 500 climbed to an all-time high in January 31, according to data collected by BofA Global Research, undercutting the argument for those who want to utilize the cryptocurrency as protection against market volatility.</p><p>Investors this week will get minutes from the most recent Federal Reserve meeting on monetary policy to be sent out Wednesday. Walmart (WMT.N) as well as chipmaker Nvidia Corp (NVDA.O) will figure among those releasing numbers as corporate earnings season continues.</p><p>Some investors are ready to take on the volatility of bitcoin, assuming that the long-term benefit to blockchain technology the built in supply limit, and the impact on the network it creates, will continue despite the frequent price changes.</p><p>Jurrien Timmer, director of global macro at Fidelity described the current speculation in cryptocurrencies to the volatility experienced by tech stocks during the dot-com boom more than two decades ago, a boom-and-bust time that saw the smallest number of companies surviving.</p><p>"Amazon is still going strong and Apple is still in existence and they're more powerful than ever, and the idea is that with bitcoin it will be exact," says the expert. "But bitcoin isn't immune from the waves of speculation and sentiment."</p><p>Bitcoin could reach $100,000 by 2023. Timmer is claiming, as per his supply/demand calculations.</p><p>Other analysts believe that mature cryptocurrencies like the bitcoin and ether won't be able to achieve the amazing gains they have seen since their beginning.</p><p>Instead, they're turning to the universe of new alternative coins being created to benefit of the investment flowing into the crypto market which includes the metaverse as well as NFTs. These coins saw the equivalent of $30 billion in venture capital investments last year according to PitchBook?.</p><p>A few altcoins are cosmos Terra Luna, and Polkadot that are down 20.5 percent 3, 38 and 25.5 percent from the beginning of the year, respectively, According to coinmarketcap.com.</p><p>Knowing the risks associated with their decentralized nature and financial systems is likely to be among the major challenges for investors in 2022. https://telegra.ph/How-to-Buy-Bitcoin-02-13-46 , director of quantitative research strategy at Moody's Analytics.</p><p><iframe src="https://www.youtube.com/embed/OfVumcKtpG8" width="560" height="315" frameborder="0" allowfullscreen></iframe>Cryptocurrencies "are going to remain very uncertain in the future, yet there are significant players on the institutional side and the retail side that are still increasing, so interest is growing," said Oanda's Moya.</p>


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Last-modified: 2022-02-13 (日) 19:20:46 (811d)