What is it about?
United States, China, and Germany are the top three countries of Ethereum users and these countries are also affected by COVID-19. Therefore, we conducted the study using panel setting to provide more empirical results. We simply want to know what factors may impacting on Ethereum's price return, thus we utilized COVID-19 cases per country, macro-financial, and crypto market factors as the independent variables.
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Why is it important?
This research is important for the investors of cryptocurrency to decide the strategy of their portfolio management. It is highly important because this research is discussing about the current issue, COVID-19 pandemic.
Perspectives
Cryptocurrency studies are usually conducted by using time-series studies. Therefore, we provide new perspective that a country setting study is also important and provide more relevant results. Our results provide new contribution: (a) Ethereum price returns were greatly affected by COVID-19 factors; (b) stock indices and gold had stronger effects on the return of Ethereum price rather than the crypto market.
Assistant Professor Shinta Amalina Hazrati Havidz
Bina Nusantara University
Read the Original
This page is a summary of: Is Ethereum's Price Return Determined by COVID-19, Macro-financial, and Crypto Market Factors?, April 2022, ACM (Association for Computing Machinery),
DOI: 10.1145/3537693.3537714.
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