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can describe the explosive increase in the number of traded cryptocurrencies and the cryptocurrency market in general. In … number of traded cryptocurrencies and (2) in terms of increasing market capitalization for a given number of traded … cryptocurrencies. By analyzing weekly snapshot data of all traded cryptocurrencies from January 4, 2009, to June 14, 2020, we find …
Persistent link: https://www.econbiz.de/10012602890
This research analyses high-frequency data of the cryptocurrency market in regards to intraday trading patterns. We study trading quantitatives such as returns, traded volumes, volatility periodicity, and provide summary statistics of return correlations to CRIX (CRyptocurrency IndeX), as well...
Persistent link: https://www.econbiz.de/10012838218
cryptocurrencies by market capitalization and COVID–19 news sentiment to capture cryptocurrency return and volatility dynamics. Results …
Persistent link: https://www.econbiz.de/10013212657
El Salvador's 2021 monetary experiment to make Bitcoin legal tender increases financial inclusion at the cost of a … volatile medium of exchange. In this paper we study the macroeconomic effects of introducing cryptocurrencies in a workhorse … volatility cryptocurrency like Bitcoin. We show that crytocurrency adoption attenuates both domestic and foreign monetary policy …
Persistent link: https://www.econbiz.de/10013322923
can describe the explosive increase in the number of traded cryptocurrencies and the cryptocurrency market in general. In … number of traded cryptocurrencies and (2) in terms of increasing market capitalization for a given number of traded … cryptocurrencies. By analyzing weekly snapshot data of all traded cryptocurrencies from January 4, 2009, to June 14, 2020, we find …
Persistent link: https://www.econbiz.de/10013406674
Cryptoassets, particularly Bitcoin, have attracted the attention of institutional investors during the latest price … rallies of 2020 and 2021. The need for cryptoassets apart from Bitcoin in their portfolios is mostly unexplored in the current … to simply holding Bitcoin. …
Persistent link: https://www.econbiz.de/10012650668
Persistent link: https://www.econbiz.de/10011624259
Cryptocurrencies provide a unique opportunity to identify how derivatives impact spot markets. They are fully fungible …, trade across multiple spot exchanges at different prices, and futures contracts were selectively introduced on bitcoin (BTC … bitcoin spot market by making the underlying prices more informative. …
Persistent link: https://www.econbiz.de/10013332292
available empirical estimate, shared by Chainalysis, this paper simulates the revenue potential from taxing Bitcoin capital … gains in the EU. Total estimated Bitcoin capital gains in the EU amount to 12.7 billion EUR in 2020, including 3.6 billion … EUR of realized gains. Applying national tax rules on capital gains from shares to those from Bitcoin yields a simulated …
Persistent link: https://www.econbiz.de/10012605841
traded cryptocurrencies are the main significant covariates across different model specifications. Both in-sample and out …
Persistent link: https://www.econbiz.de/10012794905