Testing for herding in the cryptocurrency market
Sign Up to like & getrecommendations! Published in 2020 at "Finance Research Letters"
DOI: 10.1016/j.frl.2019.06.008
Abstract: Abstract The study investigates whether herding behavior is present in the rapidly emerging cryptocurrency market. By analyzing daily data from major cryptocurrencies during the period August 2015 to December 2018, we find evidence that investors… read more here.
Keywords: finance; herding cryptocurrency; testing herding; market ... See more keywords
Emotional trading in the cryptocurrency market
Sign Up to like & getrecommendations! Published in 2020 at "Finance Research Letters"
DOI: 10.1016/j.frl.2020.101912
Abstract: Abstract We quantify the emotional factors inherited in 2,050,280 posts on Bitcointalk.org and investigate the impact of emotion on Bitcoin price fluctuations. Future Bitcoin returns are not associated with emotional factors, but Bitcoin trading volume… read more here.
Keywords: emotional trading; trading; market; finance ... See more keywords
Clustering patterns in efficiency and the coming-of-age of the cryptocurrency market
Sign Up to like & getrecommendations! Published in 2019 at "Scientific Reports"
DOI: 10.1038/s41598-018-37773-3
Abstract: The efficient market hypothesis has far-reaching implications for financial trading and market stability. Whether or not cryptocurrencies are informationally efficient has therefore been the subject of intense recent investigation. Here, we use permutation entropy and… read more here.
Keywords: time; market; coming age; cryptocurrency market ... See more keywords
Some stylized facts of the cryptocurrency market
Sign Up to like & getrecommendations! Published in 2018 at "Applied Economics"
DOI: 10.1080/00036846.2018.1488076
Abstract: ABSTRACT We examine the stylized facts of eight forms of cryptocurrencies representing almost 70% of cryptocurrency market capitalization. In particular, the empirical results show that (1) there exists heavy tails for all the returns of… read more here.
Keywords: facts cryptocurrency; cryptocurrency market; stylized facts;
The price and liquidity impact of China forbidding initial coin offerings on the cryptocurrency market
Sign Up to like & getrecommendations! Published in 2020 at "Applied Economics Letters"
DOI: 10.1080/13504851.2020.1713979
Abstract: ABSTRACT In this article, we empirically examine the cryptocurrency market reaction to china prohibiting initial coin offerings, on the 4 September 2007 for the 100 largest cryptocurrencies. The announcement has a significant negative but temporary… read more here.
Keywords: coin offerings; china; cryptocurrency; cryptocurrency market ... See more keywords
Testing macroecological theories in cryptocurrency market: neutral models cannot describe diversity patterns and their variation
Sign Up to like & getrecommendations! Published in 2022 at "Royal Society Open Science"
DOI: 10.1098/rsos.212005
Abstract: We develop an analysis of the cryptocurrency market borrowing methods and concepts from ecology. This approach makes it possible to identify specific diversity patterns and their variation, in close analogy with ecological systems, and to… read more here.
Keywords: neutral models; diversity patterns; patterns variation; market ... See more keywords
The Impact of the COVID-19 Pandemic on the Unpredictable Dynamics of the Cryptocurrency Market
Sign Up to like & getrecommendations! Published in 2021 at "Entropy"
DOI: 10.3390/e23091234
Abstract: The global economy is under great shock again in 2020 due to the COVID-19 pandemic; it has not been long since the global financial crisis in 2008. Therefore, we investigate the evolution of the complexity… read more here.
Keywords: complexity cryptocurrency; complexity; market; cryptocurrency market ... See more keywords
Dependency Structures in Cryptocurrency Market from High to Low Frequency
Sign Up to like & getrecommendations! Published in 2022 at "Entropy"
DOI: 10.3390/e24111548
Abstract: We investigate logarithmic price returns cross-correlations at different time horizons for a set of 25 liquid cryptocurrencies traded on the FTX digital currency exchange. We study how the structure of the Minimum Spanning Tree (MST)… read more here.
Keywords: high low; dependency structures; time; frequency ... See more keywords
What Is Mature and What Is Still Emerging in the Cryptocurrency Market?
Sign Up to like & getrecommendations! Published in 2023 at "Entropy"
DOI: 10.3390/e25050772
Abstract: In relation to the traditional financial markets, the cryptocurrency market is a recent invention and the trading dynamics of all its components are readily recorded and stored. This fact opens up a unique opportunity to… read more here.
Keywords: market mature; cryptocurrency market; financial markets; cryptocurrency ... See more keywords
Does Cryptocurrency Hurt African Firms?
Sign Up to like & getrecommendations! Published in 2022 at "Risks"
DOI: 10.3390/risks10030053
Abstract: This paper aimed to assess the effect of the cryptocurrency market on firms’ market value, especially on the sectoral level, in Africa. To reach the study’s main goal, the authors adopted the Panel-Corrected Standard Errors… read more here.
Keywords: african firms; cryptocurrency; hurt african; cryptocurrency hurt ... See more keywords
Economic Policy Uncertainty and Cryptocurrency Market as a Risk Management Avenue: A Systematic Review
Sign Up to like & getrecommendations! Published in 2021 at "Risks"
DOI: 10.3390/risks9090163
Abstract: Cryptocurrency literature is increasing rapidly nowadays. Particularly, the role of the cryptocurrency market as a risk management avenue has got the attention of researchers. However, it is an immature asset class and requires gaps in… read more here.
Keywords: management avenue; risk management; market; cryptocurrency ... See more keywords