Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)

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The Time-Varying Impact of Fed’s Rate Hikes on Yield and Volatility of Bitcoin

Authors
Yuchen Dai1, *
1Denison University, Granville, OH, 43023, USA
*Corresponding author. Email: dai_y1@denison.edu
Corresponding Author
Yuchen Dai
Available Online 14 December 2022.
DOI
10.2991/978-94-6463-054-1_17How to use a DOI?
Keywords
Cryptocurrency; interest rate; equity market prediction
Abstract

Covid-19 has had a significant impact on financial markets around the world, and various countries have adopted their methods to combat the impact of Covid-19 on equity markets. And because of Covid-19, the market share of the cryptocurrency market is increasing rapidly. This article focuses on how exchange rate changes caused by the Fed’s interest rate hike affected the cryptocurrency market after the epidemic. The article uses ARMA-GARCH and VAR models to analyze the future change of the cryptocurrency market after 2022 and how an increase in interest rate affects cryptocurrency market volatility. Furthermore, the model predictions have not been found that the interest rate increase in early 2022 has produced volatility in the cryptocurrency market. Compared to traditional equity markets or real estate markets. Cryptocurrencies are not responsive to government intervention.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
14 December 2022
ISBN
10.2991/978-94-6463-054-1_17
ISSN
2352-5428
DOI
10.2991/978-94-6463-054-1_17How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yuchen Dai
PY  - 2022
DA  - 2022/12/14
TI  - The Time-Varying Impact of Fed’s Rate Hikes on Yield and Volatility of Bitcoin
BT  - Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
PB  - Atlantis Press
SP  - 143
EP  - 156
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-054-1_17
DO  - 10.2991/978-94-6463-054-1_17
ID  - Dai2022
ER  -