How the cryptocurrency market has performed during COVID 19? A multifractal analysis

Cryptocurrency markets are complex systems based on speculation. Where investors interact using strategies that generate some biases responsible for endogenous instabilities. This paper investigated the herding biases by quantifying the self-similarity intensity of cryptocurrency returns’ during the...

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Detalles Bibliográficos
Autores principales: Mnif, Emna, Jarboui, Anis, Mouakhar, Khaireddine
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2020
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7299874/
https://www.ncbi.nlm.nih.gov/pubmed/32837367
http://dx.doi.org/10.1016/j.frl.2020.101647
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author Mnif, Emna
Jarboui, Anis
Mouakhar, Khaireddine
author_facet Mnif, Emna
Jarboui, Anis
Mouakhar, Khaireddine
author_sort Mnif, Emna
collection PubMed
description Cryptocurrency markets are complex systems based on speculation. Where investors interact using strategies that generate some biases responsible for endogenous instabilities. This paper investigated the herding biases by quantifying the self-similarity intensity of cryptocurrency returns’ during the COVID-19 pandemic. The main purpose of this work was to study the level of cryptocurrency efficiency through multifractal analysis before and after the coronavirus pandemic. The empirical results proved that COVID-19 has a positive impact on the cryptocurrency market efficiency.
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spelling pubmed-72998742020-06-18 How the cryptocurrency market has performed during COVID 19? A multifractal analysis Mnif, Emna Jarboui, Anis Mouakhar, Khaireddine Financ Res Lett Article Cryptocurrency markets are complex systems based on speculation. Where investors interact using strategies that generate some biases responsible for endogenous instabilities. This paper investigated the herding biases by quantifying the self-similarity intensity of cryptocurrency returns’ during the COVID-19 pandemic. The main purpose of this work was to study the level of cryptocurrency efficiency through multifractal analysis before and after the coronavirus pandemic. The empirical results proved that COVID-19 has a positive impact on the cryptocurrency market efficiency. Elsevier Inc. 2020-10 2020-06-18 /pmc/articles/PMC7299874/ /pubmed/32837367 http://dx.doi.org/10.1016/j.frl.2020.101647 Text en © 2020 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Mnif, Emna
Jarboui, Anis
Mouakhar, Khaireddine
How the cryptocurrency market has performed during COVID 19? A multifractal analysis
title How the cryptocurrency market has performed during COVID 19? A multifractal analysis
title_full How the cryptocurrency market has performed during COVID 19? A multifractal analysis
title_fullStr How the cryptocurrency market has performed during COVID 19? A multifractal analysis
title_full_unstemmed How the cryptocurrency market has performed during COVID 19? A multifractal analysis
title_short How the cryptocurrency market has performed during COVID 19? A multifractal analysis
title_sort how the cryptocurrency market has performed during covid 19? a multifractal analysis
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7299874/
https://www.ncbi.nlm.nih.gov/pubmed/32837367
http://dx.doi.org/10.1016/j.frl.2020.101647
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