Speculative bubbles and herding in cryptocurrencies

Basit Öğe Kaydı
dc.authoridHAYKIR, OZKAN/0000-0003-2800-8699
dc.authoridYAGLI, IBRAHIM/0000-0001-8985-0172
dc.contributor.authorHaykir, Ozkan
dc.contributor.authorYagli, Ibrahim
dc.date.accessioned2024-11-07T13:31:51Z
dc.date.available2024-11-07T13:31:51Z
dc.date.issued2022
dc.departmentNiğde Ömer Halisdemir Üniversitesi
dc.description.abstractThis study investigates speculative bubbles in the cryptocurrency market and factors affecting bubbles during the COVID-19 pandemic. Our results indicate that each cryptocurrency covered in the study presented bubbles. Moreover, we found that explosive behavior in one currency leads to explosivity in other cryptocurrencies. During the pandemic, herd behavior was evident among investors; however, this diminishes during bubbles, indicating that bubbles are not explained by herd behavior. Regarding cryptocurrency and market-specific factors, we found that Google Trends and volume are positively associated with predicting speculative bubbles in time-series and panel probit regressions. Hence, investors should exercise caution when investing in cryptocurrencies and follow both crypto currency and market-related factors to estimate bubbles. Alternative liquidity, volatility, and Google Trends measures are used for robustness analysis and yield similar results. Overall, our results suggest that bubble behavior is common in the cryptocurrency market, contradicting the efficient market hypothesis.
dc.identifier.doi10.1186/s40854-022-00383-0
dc.identifier.issn2199-4730
dc.identifier.issue1
dc.identifier.pmid36034680
dc.identifier.scopus2-s2.0-85137050436
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1186/s40854-022-00383-0
dc.identifier.urihttps://hdl.handle.net/11480/15075
dc.identifier.volume8
dc.identifier.wosWOS:000843512600001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.indekslendigikaynakPubMed
dc.language.isoen
dc.publisherSpringer
dc.relation.ispartofFinancial Innovation
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241106
dc.subjectCryptocurrency
dc.subjectBubbles
dc.subjectCo-explosivity
dc.subjectHerding
dc.subjectCOVID-19 pandemic
dc.titleSpeculative bubbles and herding in cryptocurrencies
dc.typeArticle

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
PubMed İndeksli Yayın Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu