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p>Investors are expecting more variations in bitcoin, and other cryptocurrencies, as worries over the aggressiveness of the Federal Reserve threaten to squelch market risk appetite.<img width="306" src="">The usual volatility associated with cryptocurrencies is visible during the last few weeks. Bitcoin , the largest cryptocurrency, has increased by nearly 33% as of Jan. 24. It has been trading at $43,850. It has recovered from an inflection point that cut its prices in half compared to November's record peak. https://bvphusanct.com.vn/Default.aspx?tabid=120&ch=24883 , Ether, is climbing around 45percent since January. 24 to around $3,200, following a nearly 56 percent decline from its record-setting $4,868 which was also recorded in November.The advocates of cryptocurrency have previously asserted that they are not tied to other assets as a result, bitcoin and its peer have seen huge gains in the past two years, rising alongside stocks as the Fed along with other central banks pumped unprecedented levels of stimulus into the world economy. Bitcoin has increased by 1,039 percent since March 2019, and the ether price has increased 2,940%. However, the rising prices of both cryptocurrencies have been slowed by a series of stomach-churning sales.Their recent volatility has come amid a broader market decline triggered by investors changing their portfolios to account for an aggressive Fed which is anticipating to raise rates by in the range of seven times this year in order to fights rising inflation. The index that is the benchmark S&P 500 index (.SPX) has dropped 5.5 percent over the past year, and the technologically-oriented Nasdaq (.IXIC) also has dropped 9.3 percent..Fears that a ferocious policy of central banks tightening moving forward will hurt risky assets has made difficult for traders to maintain their optimistic outlook on bitcoin as well as other cryptos which is an asset class that has been identified with intense volatility.An increase in tensions in Ukraine, where Washington warned a Russian invasion could happen anytime soon, could trigger market movements across the board, investors said. Learn moreBitcoin could "really become the most powerful momentum trade and there are several risks that could lead to a 40% drop from the midst of the night," said Ed Moya the senior analyst at Oanda.Some analysts from seeking to understand the currency's fair value or identify potential price points.Analysts at JPMorgan believe that bitcoin's valuation at around $38,000 . This is roughly 15% less than its current price based upon its fluctuations in comparison to the volatility of gold, a different asset that investors frequently use to protect their portfolios from the effects of inflation and economic uncertainty.Vanda Research, meanwhile, revealed in a new note that the bulk of bets that were speculative on a lower bitcoin price were made at around $47,000 "there may be a large short-squeeze if this threshold is reached, and retail investors return to trading with crypto."However, the correlations between Bitcoin and the S&P500 hit an all-time high in January 31according to figures obtained from BofA Global Research, undercutting the argument for those who want to take advantage of the cryptocurrency as protection against market volatility.Investors can look forward to minutes from the most recent Fed gathering on monetary policies, which will come to be released on Wednesday. Walmart (WMT.N) in addition to chip maker Nvidia Corp (NVDA.O) will be among the companies that report results, as corporate earnings season rolls on.Certain investors are bracing themselves to weather the volatility of bitcoin, believing that the long-term advantages associated with blockchain technology its built in supply limit, and the impact on the network it creates, will continue despite the constant price swings.Jurrien Timmer director of global macro at Fidelity said that the current speculation in cryptocurrencies to the high volatility tech stocks experienced during the dot-com era more than 20 years ago, a boom and bust cycle that left a comparatively small group of companies remain."Amazon is still in existence and Apple is also around, and they're bigger than ever . it's believed that for bitcoin it'll be similarly," explained the man. "But it's not immune to these waves of speculation or sentiment."<iframe src="https://www.youtube.com/embed/OfVumcKtpG8" width="560" height="315" frameborder="0" allowfullscreen></iframe>Bitcoin could reach $100 million by 2023, Timmer is claiming, Based on his supply-demand models.Some believe that mature cryptocurrency like bitcoin and ether will not be able to make the impressive gains that they have racked up since their founding.Instead, they're turning at the world of new alternative currencies that are being made to make the most of the cash flowing into the crypto space which includes the metaverse as well as NFTs, which saw around $30 billion worth worth of venture capital investment in the last year, according to PitchBook?.Other altcoins include cosmos Terra Luna, and Polkadot that are down 20.5 percent 3, 38 and 25.5 percentages year-todate, respectively, According to coinmarketcap.com.The understanding of the risks that come with their decentralized nature and financial systems is likely to be one of the most significant challenges for investors by 2022, says Lily Francus, director of quantitative research strategy at Moody's Analytics.Cryptocurrencies "are going to remain volatile , but there are significant players on both the institutional side and the retail side that are expanding, which means that the demand is growing," said Oanda's Moya.

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