The relationship between cryptocurrencies and COVID-19 pandemic
Yazar
BİLGİN, MEHMET HÜSEYİN
DOKER, ASLI CANSIN
KARABULUT, Gökhan
Demir, Ender
Üst veri
Tüm öğe kaydını gösterÖzet
We examine the relationship between cryptocurrencies (namely Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP)) and COVID-19 cases/deaths. This will help explore whether cryptocurrencies can serve as a hedge against COVID-19. The wavelet coherence analysis indicates that there is initially a negative relationship between Bitcoin and the number of reported cases and deaths; however, the relationship becomes positive during the later period. The findings for Ethereum and Ripple are also similar but with weaker interactions. This supports the hedging role of cryptocurrencies against the uncertainty raised by COVID-19.
Koleksiyonlar
- Makale [92796]