Signatures of Maturity in Cryptocurrency Market
Since the introduction of Bitcoin in 2009, the cryptocurrency market has experienced exponential expansion. Evolving from sets of transactions primarily conducted on Internet fora into a significant market valued at over 1.2 trillion USD as of August 2023, today cryptocurrency trading occurs 24/7 on...
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| Formaat: | Online |
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| Taal: | Engels |
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MDPI - Multidisciplinary Digital Publishing Institute
2023
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| Online toegang: | ONIX_20230911_9783036585741_123 |
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| _version_ | 1869524420354113536 |
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| collection | Directory of Open Access Books |
| description | Since the introduction of Bitcoin in 2009, the cryptocurrency market has experienced exponential expansion. Evolving from sets of transactions primarily conducted on Internet fora into a significant market valued at over 1.2 trillion USD as of August 2023, today cryptocurrency trading occurs 24/7 on more than 600 platforms. Despite its persistent volatility, recurrent speculation bubbles and subsequent market crashes, the trading characteristics of cryptocurrency exchanges are similar to those observed in mature financial markets. Recently, the correlation between the most frequently traded cryptocurrencies, specifically Bitcoin and Etherereum, has increased significantly versus the stock indices and other financial assets, suggesting an emerging connectedness with the global financial markets. This Special Issue collected research studies that make steps towards developing a better understanding of cryptocurrency market, with a particular aim of confirming or denying the growing signs of market maturity. Most submissions focus on price fluctuations in the cryptocurrency exchanges and produce evidence of the cryptocurrency market’s evolution into a valid and interrelated component of the global financial markets. Interestingly, the events related to COVID-19 contributed to the intensification of this process. Some articles address the structure of the cryptocurrency market, including DeFi, the methods of obtaining consensus used, and the environmental impact of these transactions. |
| format | Online |
| id | doab-20.500.12854ir-113990 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | MDPI - Multidisciplinary Digital Publishing Institute |
| publisherStr | MDPI - Multidisciplinary Digital Publishing Institute |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1139902024-03-28T03:32:23Z Signatures of Maturity in Cryptocurrency Market Drożdż, Stanisław Kwapień, Jarosław Wątorek, Marcin public-key cryptosystem error correcting code bounded distance decoding blockchain technology cryptocurrency Kolmogorov entropy DAO metaverse Bitcoin carbon footprint Bitcoin mining energy consumption FIGARCH MFDFA long memory Hurst exponent permanent policy cryptocurrencies noise and trend effects tick-by-tick data network structure community detection COVID-19 AI business development information processing volatility precision financial development bitcoin ADCC-GARCH diversifier hedge safe haven anomaly score Mahalanobis distance minimum covariance determinant shrinkage estimators blockchain edge computing electric vehicles Ethereum P2P charging DeFi oracle automated market makers decentralized exchange lending protocol forex market complexity entropy multifractal analysis complex systems financial crisis econophysics financial markets cross-correlations multiscale time series fluctuations correlations multifractality market maturity market impact collective dynamics time series analysis portfolio optimization thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GP Research and information: general thema EDItEUR::P Mathematics and Science Since the introduction of Bitcoin in 2009, the cryptocurrency market has experienced exponential expansion. Evolving from sets of transactions primarily conducted on Internet fora into a significant market valued at over 1.2 trillion USD as of August 2023, today cryptocurrency trading occurs 24/7 on more than 600 platforms. Despite its persistent volatility, recurrent speculation bubbles and subsequent market crashes, the trading characteristics of cryptocurrency exchanges are similar to those observed in mature financial markets. Recently, the correlation between the most frequently traded cryptocurrencies, specifically Bitcoin and Etherereum, has increased significantly versus the stock indices and other financial assets, suggesting an emerging connectedness with the global financial markets. This Special Issue collected research studies that make steps towards developing a better understanding of cryptocurrency market, with a particular aim of confirming or denying the growing signs of market maturity. Most submissions focus on price fluctuations in the cryptocurrency exchanges and produce evidence of the cryptocurrency market’s evolution into a valid and interrelated component of the global financial markets. Interestingly, the events related to COVID-19 contributed to the intensification of this process. Some articles address the structure of the cryptocurrency market, including DeFi, the methods of obtaining consensus used, and the environmental impact of these transactions. 2023-09-11T12:18:43Z 2023-09-11T12:18:43Z 2023 book ONIX_20230911_9783036585741_123 9783036585741 9783036585758 https://directory.doabooks.org/handle/20.500.12854/113990 eng application/octet-stream Attribution 4.0 International https://mdpi.com/books/pdfview/book/7834 https://mdpi.com/books/pdfview/book/7834 MDPI - Multidisciplinary Digital Publishing Institute 10.3390/books978-3-0365-8575-8 10.3390/books978-3-0365-8575-8 46cabcaa-dd94-4bfe-87b4-55023c1b36d0 9783036585741 9783036585758 262 open access |
| spellingShingle | public-key cryptosystem error correcting code bounded distance decoding blockchain technology cryptocurrency Kolmogorov entropy DAO metaverse Bitcoin carbon footprint Bitcoin mining energy consumption FIGARCH MFDFA long memory Hurst exponent permanent policy cryptocurrencies noise and trend effects tick-by-tick data network structure community detection COVID-19 AI business development information processing volatility precision financial development bitcoin ADCC-GARCH diversifier hedge safe haven anomaly score Mahalanobis distance minimum covariance determinant shrinkage estimators blockchain edge computing electric vehicles Ethereum P2P charging DeFi oracle automated market makers decentralized exchange lending protocol forex market complexity entropy multifractal analysis complex systems financial crisis econophysics financial markets cross-correlations multiscale time series fluctuations correlations multifractality market maturity market impact collective dynamics time series analysis portfolio optimization thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GP Research and information: general thema EDItEUR::P Mathematics and Science Signatures of Maturity in Cryptocurrency Market |
| title | Signatures of Maturity in Cryptocurrency Market |
| title_full | Signatures of Maturity in Cryptocurrency Market |
| title_fullStr | Signatures of Maturity in Cryptocurrency Market |
| title_full_unstemmed | Signatures of Maturity in Cryptocurrency Market |
| title_short | Signatures of Maturity in Cryptocurrency Market |
| title_sort | signatures of maturity in cryptocurrency market |
| topic | public-key cryptosystem error correcting code bounded distance decoding blockchain technology cryptocurrency Kolmogorov entropy DAO metaverse Bitcoin carbon footprint Bitcoin mining energy consumption FIGARCH MFDFA long memory Hurst exponent permanent policy cryptocurrencies noise and trend effects tick-by-tick data network structure community detection COVID-19 AI business development information processing volatility precision financial development bitcoin ADCC-GARCH diversifier hedge safe haven anomaly score Mahalanobis distance minimum covariance determinant shrinkage estimators blockchain edge computing electric vehicles Ethereum P2P charging DeFi oracle automated market makers decentralized exchange lending protocol forex market complexity entropy multifractal analysis complex systems financial crisis econophysics financial markets cross-correlations multiscale time series fluctuations correlations multifractality market maturity market impact collective dynamics time series analysis portfolio optimization thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GP Research and information: general thema EDItEUR::P Mathematics and Science |
| topic_facet | public-key cryptosystem error correcting code bounded distance decoding blockchain technology cryptocurrency Kolmogorov entropy DAO metaverse Bitcoin carbon footprint Bitcoin mining energy consumption FIGARCH MFDFA long memory Hurst exponent permanent policy cryptocurrencies noise and trend effects tick-by-tick data network structure community detection COVID-19 AI business development information processing volatility precision financial development bitcoin ADCC-GARCH diversifier hedge safe haven anomaly score Mahalanobis distance minimum covariance determinant shrinkage estimators blockchain edge computing electric vehicles Ethereum P2P charging DeFi oracle automated market makers decentralized exchange lending protocol forex market complexity entropy multifractal analysis complex systems financial crisis econophysics financial markets cross-correlations multiscale time series fluctuations correlations multifractality market maturity market impact collective dynamics time series analysis portfolio optimization thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GP Research and information: general thema EDItEUR::P Mathematics and Science |
| url | ONIX_20230911_9783036585741_123 |