The authors examine the relation between price returns and volatility changes in the Bitcoin market using a daily database denominated in various currencies. The results for the entire period provide no evidence of an asymmetric return-volatility relation in the Bitcoin market. They test if...

This paper documents a persistent structure in cryptocurrency returns and analyzes a broad set of characteristics that explain this structure. The results show that similarities in size, trading volume, age, consensus mechanism, and token industries drive the structure of cryptocurrency returns....

This paper examines the relationship between green bonds and cryptocurrencies that specifically follow the Proof-of-Stake consensus mechanism. A lot has been discussed about the positive bi-directional and asymmetric relationship between green bonds and bitcoins, the most widely known...