Abstract:In this study, we examine the multifractal cross-correlation relationships between stock and cryptocurrency markets. The measures of complexity which can serve as indicators (indicators-precursors) in both markets are retrieved from Multifractal Detrended Cross-Correlation Analysis. On the example of the S&P 500 and HSI stock indices that are used most by investors to gauge the status of the economy in the world, and the cryptocurrency Bitcoin, which mostly determines the existence of the crypto market, we ass… Show more
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