The DOI matches its Crossref record; 29 of the 29 references it cites were found in a registry or an index.
Virtual relationships: Short- and long-run evidence from BitCoin and altcoin markets
Open accessAbstract
This paper empirically examines interdependencies between BitCoin and altcoin markets in the short- and long-run. We apply time-series analytical mechanisms to daily data of 17 virtual currencies (BitCoin + 16 alternative virtual currencies) and two altcoin price indices for the period 2013–2016. Our empirical findings confirm that indeed BitCoin and altcoin markets are interdependent. The BitCoin-altcoin price relationship is significantly stronger in the short-run than in the long-run. We cannot fully confirm the hypothesis that the BitCoin price relationship is stronger with those altcoins that are more similar in their price formation mechanism to BitCoin. In the long-run, macro-financial indicators determine the altcoin price formation to a slightly greater degree than BitCoin does. The virtual currency supply is exogenous and therefore plays only a limited role in the price formation.
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Cites
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Cited by
RETRACTED: Cryptocurrencies as a financial asset: A systematic analysis
Corbet, S., Lucey, B., Urquhart, A., & Yarovaya, L. (2019) · International Review of Financial Analysis · doi:10.1016/j.irfa.2018.09.003 · Cited by 1,172
RetractedTechnical trading and cryptocurrencies
Hudson, R., & Urquhart, A. (2021) · Annals of Operations Research · doi:10.1007/s10479-019-03357-1 · Cited by 90
Followness of Altcoins in the Dominance of Bitcoin: A Phase Analysis
Kulal, A. (2021) · Macro Management & Public Policies · doi:10.30564/mmpp.v3i3.3589 · Cited by 10
“The study also revealed that online news related to Bitcoin, despite good or bad, reacts quickly and follows efficient market hypothesis, and it also confirmed that vicissitudes in Bitcoin value are due to investors' curiosity by searching queries and information about bitcoin in Wikipedia and Google trends ([36]).”
Background
Metadata
- Authors
- Ciaian, P., Rajcaniova, M., & Kancs, D.
- Venue
- Journal of International Financial Markets, Institutions and Money
- Publisher
- Elsevier BV
- Published
- 2018-01
- Volume
- 52
- Pages
- 173-195
- ISSN
- 1042-4431 (ISSN-L)
- OpenAlex
- W2655997960
- Cited by
- 365
- References
- 29
- FWCI
- 64.45
- Type
- journal article
- Language
- en
- Open access
- hybrid
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- Ciaian, P., Rajcaniova, M., & Kancs, D. (2018). Virtual relationships: Short- and long-run evidence from BitCoin and altcoin markets. Journal of International Financial Markets, Institutions and Money. https://doi.org/10.1016/j.intfin.2017.11.001
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.