This paper provides a systematic review of the literature on key matters related to the popular cryptocurrency Bitcoin. The key motivation of this paper is to provide a review of existing literature and also to understand the underlying principle of this digital currency from the economic and...

Bitcoin prices are highly volatile and have extreme upper tails of the return distributions. One important component of Bitcoin price jumps is that it does not follow a normal distribution. This present study aims to reduce the extreme value data available on Bitcoin into simple clusters based...