of the four main cryptocurrencies in terms of market capitalization (BTC, ETH, USDT, BNB) and of four US stock market … market efficiency in the case of the cryptocurrencies but not of the stock market indices considered. They also indicate that … cryptocurrencies can be a useful tool for investors to diversify and hedge when required in the case of the US markets. …

to cryptocurrencies into a traditional dynamic asset pricing model. First, we introduce the technological arms race … is more interdependency between the cryptocurrency price and its services. Empirical evidence from Bitcoin supports our …

Bitcoin is an open source peer-to-peer electronic money and payment system. It is traded at several exchanges and high …-frequency trade data are publicly available. We study the contributions of Bitcoin exchanges to price discovery. Our results show that …

panel of large cryptocurrencies in addition to Bitcoin. Our results provide insights that are not apparent in previous …Motivated by the lure of cryptocurrencies for retail investors, whose concentrated holdings are particularly exposed to …

review (SLR) of Bitcoin-related articles published in the leading finance, economics and accounting journals between 2018 and … of research on Bitcoin lacks coherence and interconnectedness, leading to a limited understanding of the underlying … decentralized payment system, equilibrium price, market microstructure, trading patterns and regulation of Bitcoin. In this context …

Trading of Bitcoin is spread about multiple venues where buying and selling is offered in various currencies. However … of each market which reveals that the Chinese OKCoin platform is the leader in price discovery of Bitcoin, followed by …

Bitcoin has gotten significant interest throughout the world, in not just investors and the financial community, but … also among the general public. Over the past few years, the price of Bitcoin has risen and fallen dramatically. Because of … the dramatic price increases, many articles in the popular business press have argued that Bitcoin exhibits speculative …

The authors examine the relation between price returns and volatility changes in the Bitcoin market using a daily …-volatility relation in the Bitcoin market. They test if there is a difference in the return-volatility relation before and after the price … volatility more than negative shocks. This inverted asymmetric reaction of Bitcoin to positive and negative shocks is contrary to …