Rationally justifying Bitcoin's immense price fluctuations has remained a persistent challenge for both investors and … ambiguity in Bitcoin returns. This paper introduces a behavioral channel to argue that the degree of ambiguity aversion is a … prominent source of abnormal returns from investment in Bitcoin markets. Using data over a ten-year period, we show that Bitcoin …

This paper analyses herding in cryptocurrency markets in the time of the COVID-19 pandemic. We employ a combination of … quantitative methods to hourly prices of the four most traded cryptocurrency markets - USD, EUR, JPY and KRW - for the period from …” effect on cryptocurrency herding, our results suggest that COVID-19 does not amplify herding in cryptocurrency markets. In …

diverse market within which, not all assets are comparable to Bitcoin …

We examine the existence and dates of pricing bubbles in Bitcoin and Ethereum, two popular cryptocurrencies using the … conclusion is that there are periods of clear bubble behaviour, with Bitcoin now almost certainly in a bubble phase …

Annual electricity consumption for cryptocurrency mining is growing yearly, driven by the increasing difficulty in … feature, not a bug, in cryptocurrencies. This paper investigates how Bitcoin's price volatility and the underlying dynamics of … cryptocurrency's mining characteristics affect the energy markets, utilities companies, and green ETFs. The results show that …