Bitcoin and Altcoins Price Dependency: Resilience and Portfolio Allocation in COVID-19 Outbreak
<div><p>The main aim of this article is to examine the inter-relationships among the top cryptocurrencies on the crypto stock market in the presence and absence of the COVID-19 pandemic. The nine chosen cryptocurrencies are Bitcoin, Ethereum, Ripple, Litecoin, Eos, BitcoinCash, Binance,...
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2021
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| _version_ | 1864513516109561856 |
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| author | Ahmet Faruk Aysan (11902115) |
| author2 | Asad Ul Islam Khan (17389715) Humeyra Topuz (18527787) |
| author2_role | author author |
| author_facet | Ahmet Faruk Aysan (11902115) Asad Ul Islam Khan (17389715) Humeyra Topuz (18527787) |
| author_role | author |
| dc.creator.none.fl_str_mv | Ahmet Faruk Aysan (11902115) Asad Ul Islam Khan (17389715) Humeyra Topuz (18527787) |
| dc.date.none.fl_str_mv | 2021-04-13T03:00:00Z |
| dc.identifier.none.fl_str_mv | 10.3390/risks9040074 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Bitcoin_and_Altcoins_Price_Dependency_Resilience_and_Portfolio_Allocation_in_COVID-19_Outbreak/25781031 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Economics Applied economics Econometrics bitcoin altcoins cointegration price dependency COVID-19 |
| dc.title.none.fl_str_mv | Bitcoin and Altcoins Price Dependency: Resilience and Portfolio Allocation in COVID-19 Outbreak |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <div><p>The main aim of this article is to examine the inter-relationships among the top cryptocurrencies on the crypto stock market in the presence and absence of the COVID-19 pandemic. The nine chosen cryptocurrencies are Bitcoin, Ethereum, Ripple, Litecoin, Eos, BitcoinCash, Binance, Stellar, and Tron and their daily closing price data are captured from coinmarketcap over the period from 13 September 2017 to 21 September 2020. All of the cryptocurrencies are integrated of order 1 i.e., I(1). There is strong evidence of a long-run relationship between Bitcoin and altcoins irrespective of whether it is pre-pandemic or pandemic period. It has also been found that these cryptocurrencies’ prices and their inter-relationship are resilient to the pandemic. It is recommended that when the investors create investment plans and strategies they may highly consider Bitcoin and altcoins jointly as they give sustainability and resilience in the long run against the geopolitical risks and even in the tough time of the COVID-19 pandemic.</p><p> </p></div><h2>Other Information</h2> <p> Published in: Risks<br> License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.3390/risks9040074" target="_blank">https://dx.doi.org/10.3390/risks9040074</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_959a5076b2ca8c6cd1514b5e7c9b389a |
| identifier_str_mv | 10.3390/risks9040074 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/25781031 |
| publishDate | 2021 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Bitcoin and Altcoins Price Dependency: Resilience and Portfolio Allocation in COVID-19 OutbreakAhmet Faruk Aysan (11902115)Asad Ul Islam Khan (17389715)Humeyra Topuz (18527787)EconomicsApplied economicsEconometricsbitcoinaltcoinscointegrationprice dependencyCOVID-19<div><p>The main aim of this article is to examine the inter-relationships among the top cryptocurrencies on the crypto stock market in the presence and absence of the COVID-19 pandemic. The nine chosen cryptocurrencies are Bitcoin, Ethereum, Ripple, Litecoin, Eos, BitcoinCash, Binance, Stellar, and Tron and their daily closing price data are captured from coinmarketcap over the period from 13 September 2017 to 21 September 2020. All of the cryptocurrencies are integrated of order 1 i.e., I(1). There is strong evidence of a long-run relationship between Bitcoin and altcoins irrespective of whether it is pre-pandemic or pandemic period. It has also been found that these cryptocurrencies’ prices and their inter-relationship are resilient to the pandemic. It is recommended that when the investors create investment plans and strategies they may highly consider Bitcoin and altcoins jointly as they give sustainability and resilience in the long run against the geopolitical risks and even in the tough time of the COVID-19 pandemic.</p><p> </p></div><h2>Other Information</h2> <p> Published in: Risks<br> License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.3390/risks9040074" target="_blank">https://dx.doi.org/10.3390/risks9040074</a></p>2021-04-13T03:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.3390/risks9040074https://figshare.com/articles/journal_contribution/Bitcoin_and_Altcoins_Price_Dependency_Resilience_and_Portfolio_Allocation_in_COVID-19_Outbreak/25781031CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/257810312021-04-13T03:00:00Z |
| spellingShingle | Bitcoin and Altcoins Price Dependency: Resilience and Portfolio Allocation in COVID-19 Outbreak Ahmet Faruk Aysan (11902115) Economics Applied economics Econometrics bitcoin altcoins cointegration price dependency COVID-19 |
| status_str | publishedVersion |
| title | Bitcoin and Altcoins Price Dependency: Resilience and Portfolio Allocation in COVID-19 Outbreak |
| title_full | Bitcoin and Altcoins Price Dependency: Resilience and Portfolio Allocation in COVID-19 Outbreak |
| title_fullStr | Bitcoin and Altcoins Price Dependency: Resilience and Portfolio Allocation in COVID-19 Outbreak |
| title_full_unstemmed | Bitcoin and Altcoins Price Dependency: Resilience and Portfolio Allocation in COVID-19 Outbreak |
| title_short | Bitcoin and Altcoins Price Dependency: Resilience and Portfolio Allocation in COVID-19 Outbreak |
| title_sort | Bitcoin and Altcoins Price Dependency: Resilience and Portfolio Allocation in COVID-19 Outbreak |
| topic | Economics Applied economics Econometrics bitcoin altcoins cointegration price dependency COVID-19 |