Gold prices and the cryptocurrencies: Evidence of convergence and cointegration

“Small things matter most”: The spillover effects in the cryptocurrency market and gold as a silver bullet

“…In more recent studies, Rosales, 2019 , Ferdiansyah et al, 2019 argued that gold could be a good hedging instrument against adverse movements in cryptocurrency markets. Furthermore, Adebola et al (2019) examined the convergence (or divergence) of cryptocurrencies when putting gold in the portfolio. Although these recent studies sparked the debate by mostly focusing on equilibrium relationships between gold and coin, this paper attempts to explain how gold plays a role in terms of informational transferring among a large number of cryptocurrencies with different degree of capitalization.…”

Knowledge Discovery in Cryptocurrency Transactions: A Survey

“…Therefore, the change of majority in the numbers of buyers and sellers may lead to price changes; that is, if more cryptocurrencies are for sale, the prices drop, and vice versa [153]. Empirically, cryptocurrency market prices were also found to be interactive with various assets, including gold [154], the stock markets [155]- [157], and among different cryptocurrencies [158]- [160]. Prices were also found to be driven by social media [161]- [163] and government regulations [164].…”

Network Analysis of Cross-Correlations on Forex Market during Crises. Globalisation on Forex Market

“…In fact, this term is gathering a great variety of methods. Just mentioning the most often used: classical variance analysis and Pearson correlation coefficient [ 10 , 11 , 12 , 13 , 14 , 15 ], cointegration analysis [ 16 , 17 , 18 , 19 ], multifractal analysis [ 20 , 21 , 22 , 23 ], random matrix theory [ 24 , 25 , 26 , 27 ], power law classification scheme [ 28 , 29 , 30 ], or entropy-based methods [ 31 , 32 ].…”