Information demand and cryptocurrency market activity

【Author】 Katsiampa, Paraskevi; Moutsianas, Konstantinos; Urquhart, Andrew

【Source】ECONOMICS LETTERS

【影响因子】1.469

【Abstract】This paper studies the relationship between information demand measured by Google search volume index, price returns, and trading volume for five major cryptocurrencies. We find that past information demand flows significantly influence the volume of all cryptocurrencies except for Litecoin. Moreover, trading volumes are found to Granger cause the information demand flows of Bitcoin, Ripple, and Litecoin, while previous day's returns significantly influence the information demand flows of all the altcoins. (C) 2019 Elsevier B.V. All rights reserved.

【Keywords】Information demand flows; Bitcoin; Cryptocurrency; Volume; VAR

【发表时间】2019 DEC

【收录时间】2022-01-02

【文献类型】

【主题类别】

--