TY - JOUR
T1 - Exploring the nexus between price and volume changes in the cryptocurrency market
AU - Adediran, Adeyinka
AU - Babajide, Bola
AU - OSINA, NATALIIA
PY - 2023/8/12
Y1 - 2023/8/12
N2 - The analysis of the price–volume relationship offers valuable insights into the underlying dynamics of financial markets, enabling investors and market participants to make informed inferences based on the data derived from price and volume. This concept has extensively been studied in the stock market, while it remained understudied in the cryptocurrency trading system. The study aims to contribute to the literature by examining the causal relationship between price changes and trading volume for the top three cryptocurrencies (Bitcoin, Ethereum and Tether) listed on CoinMarketCap. Previous research that examined causal relationship focused on Bitcoin and Ethereum, while neglecting Tether, which is often used by investors to avoid price volatility. The study employs correlation matrix, vector autoregression Model, and granger causality to conduct the analysis of the research. The data for this study were extracted from CoinMarketCap, which provides the daily closing price and 24 hours traded volume of the to
AB - The analysis of the price–volume relationship offers valuable insights into the underlying dynamics of financial markets, enabling investors and market participants to make informed inferences based on the data derived from price and volume. This concept has extensively been studied in the stock market, while it remained understudied in the cryptocurrency trading system. The study aims to contribute to the literature by examining the causal relationship between price changes and trading volume for the top three cryptocurrencies (Bitcoin, Ethereum and Tether) listed on CoinMarketCap. Previous research that examined causal relationship focused on Bitcoin and Ethereum, while neglecting Tether, which is often used by investors to avoid price volatility. The study employs correlation matrix, vector autoregression Model, and granger causality to conduct the analysis of the research. The data for this study were extracted from CoinMarketCap, which provides the daily closing price and 24 hours traded volume of the to
KW - cryptocurrency market
UR - https://doi.org/10.1057/s41260-023-00323-2
U2 - 10.1057/s41260-023-00323-2
DO - 10.1057/s41260-023-00323-2
M3 - Article (journal)
SN - 1470-8272
VL - 24
SP - 498
EP - 512
JO - Journal of Asset Management
JF - Journal of Asset Management
ER -