Proceedings of the 2nd International Conference on Internet, Education and Information Technology (IEIT 2022)

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Analysis of the Dynamic Characteristics of Bitcoin and Ethereum

Authors
Jiaqi Qin1, Shansong Huang1, Qi Zhang1, Minglun Zhou2, Zheng Tao1, *
1Department of Mathematics Wenzhou, Kean University Wenzhou, Wenzhou, China
2Department of Finance Wenzhou, Kean University Wenzhou, Wenzhou, China
*Corresponding author. Email: taozhe@kean.edu
Corresponding Author
Zheng Tao
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-058-9_12How to use a DOI?
Keywords
Bitcoin; Ethereum; price bubble; Granger causality test
Abstract

Represented by two digital currencies, Bitcoin and Ethereum, the dynamic characteristics of the currency value of digital currencies are analyzed. First, we conduct a horizontal analysis of the relationship between these two digital currencies through co-integration and Granger causality test. Secondly, the Sup ADF and GSADF test methods are used to longitudinally analyze the bubbles of the three digital currencies. The results show that there are Granger causality and price bubbles in Bitcoin and Ethereum. Through analysis, it is found that the high volatility of currency value is not only related to the relationship between digital currencies but also related to factors such as digital currency market fluctuations and regulatory policies.

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 2nd International Conference on Internet, Education and Information Technology (IEIT 2022)
Series
Advances in Computer Science Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-058-9_12
ISSN
2352-538X
DOI
10.2991/978-94-6463-058-9_12How 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  - Jiaqi Qin
AU  - Shansong Huang
AU  - Qi Zhang
AU  - Minglun Zhou
AU  - Zheng Tao
PY  - 2022
DA  - 2022/12/27
TI  - Analysis of the Dynamic Characteristics of Bitcoin and Ethereum
BT  - Proceedings of the 2nd International Conference on Internet, Education and Information Technology (IEIT 2022)
PB  - Atlantis Press
SP  - 65
EP  - 70
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-058-9_12
DO  - 10.2991/978-94-6463-058-9_12
ID  - Qin2022
ER  -