Can the Global Economy Activity Predict Cryptocurrency Returns

Cheng, Hui-Pei; Yen, Kuang‐Chieh

doi:10.2139/ssrn.3488987

Cited by 2 publications

(5 citation statements)

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“…The last strand explores the predictors of cryptocurrency returns (Hu et al. , 2019; Cheng and Yen, 2019).…”

Section: Introductionmentioning

confidence: 99%

“…The fifth strand studies the interconnectedness between cryptocurrencies such as Bitcoin and others (Demir et al, 2020). The last strand explores the predictors of cryptocurrency returns (Hu et al, 2019;Cheng and Yen, 2019).…”

Section: Introductionmentioning

confidence: 99%

“…Regarding the predictors, several predictors have been identified, which include the technical indicators of cryptocurrencies (Gerritsen et al ., 2020), macroeconomic indicators and situations (Cheng and Yen, 2019) and the media (Philippas et al ., 2019). In addition to these predictors, the trend-spotting in predicting cryptocurrency has recently gained great prominence in the literature.…”

Section: Introductionmentioning

confidence: 99%

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Google Trends and cryptocurrencies: a nonparametric causality-in-quantiles analysis

Raza

Yarovaya

Guesmi

et al. 2022

IJOEM

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PurposeThis article aims to uncover the impact of Google Trends on cryptocurrency markets beyond Bitcoin during the time of increased attention to altcoins, especially during the COVID-19 pandemic.Design/methodology/approachThis paper analyses the nexus among the Google Trends and six cryptocurrencies, namely Bitcoin, New Economy Movement (NEM), Dash, Ethereum, Ripple and Litecoin by utilizing the causality-in-quantiles technique on data comprised of the years January 2016–March 2021.FindingsThe findings show that Google Trends cause the Litecoin, Bitcoin, Ripple, Ethereum and NEM prices at majority of the quantiles except for Dash.Originality/valueThe findings will help investors to develop more in-depth understanding of impact of Google Trends on cryptocurrency prices and build successful trading strategies in a more matured digital assets ecosystem.

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“…The last strand explores the predictors of cryptocurrency returns (Hu et al. , 2019; Cheng and Yen, 2019).…”

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Google Trends and cryptocurrencies: a nonparametric causality-in-quantiles analysis

Raza

Yarovaya

Guesmi

et al. 2022

IJOEM

View full text Add to dashboard Cite

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Section: Literature Reviewmentioning

confidence: 99%

“…A significant body of research has also focused on understanding the influence of consumer sentiment or measures of uncertainty on the cryptocurrency market. Multiple indicators such as the VIX (Bouri et al, 2017), the EPU Index (W. Cheng & Yen, 2019;Demir et al, 2018;Fang et al, 2019;H. Wang et al, 2020;Wu et al, 2019), the Crude Oil Volatility Index (Al-Yahyaee et al, 2019), the Geopolitical Risk Index (Al Mamun et al, 2020;Aysan et al, 2019), and the Trade Policy Uncertainty (Gozgor et al, 2019) have been utilized in these studies.…”

Section: Literature Reviewmentioning

confidence: 99%

Cryptocurrencies as a Speculative Asset: How Much Uncertainty is Included in Cryptocurrency Price?

Ahsan,

Zawadzki,

Khan

2024

Sage Open

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The aim of this paper is to examine the relationship between uncertainty indices (Geopolitical Uncertainty Index and Global Economic Policy Uncertainty Index) and cryptocurrencies. This study evaluated the behavior of cryptocurrencies with the evolution of uncertainties (GPU, EPU) on returns and volatility in terms of safe heaven as in traditional specualtive assets it increases their volaitility and reduces risk. For this purpose, this study examines the relationship between uncertanities indices, gold returns and crptocurrency by using the OLS regression for the monthly data from April 2017 to April 2022. The findings of this study indicate that the return and volatility of cryptocurrency increases. In particular, we note that the cryptocurrency market could serve as a weak hedge and safe against GEPU during a bull market; It could be considered a strong hedge, but in most cases could not serve as a safety against GPR. However, in case of Gold it is found that it serves as weak hedge against uncertainity indices and is not considered as safe heaven against GEPU and GPR. This study expands the current research on uncertainity indices and provides unique insight about the speculative nature of cryptocurrencies and safe heaven.

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Can the Global Economy Activity Predict Cryptocurrency Returns

Cited by 2 publications

References 0 publications

Google Trends and cryptocurrencies: a nonparametric causality-in-quantiles analysis

Google Trends and cryptocurrencies: a nonparametric causality-in-quantiles analysis

Cryptocurrencies as a Speculative Asset: How Much Uncertainty is Included in Cryptocurrency Price?

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