Analysis of the impact of macroeconomic factors on cryptocurrency returns - Based on quantile regression study

Analysis of the impact of macroeconomic factors on cryptocurrency returns - Based on quantile regression study

This paper uses data from January 2018 to early May 2024 as a sample to study the impact of macroeconomic factors on cryptocurrency returns. The empirical study finds that the price index of means of production significantly negatively impacts bitcoin returns. The US dollar exchange rate also signif...

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Veröffentlicht in:International review of economics & finance 2025-01, Vol.97, p.103757, Article 103757
Hauptverfasser: Lin, Minghui, Liu, Ye, Sheng, Vincent Ng Kim
Format: Artikel
Sprache:eng
Schlagworte:
Cryptocurrency
Economic factors
Returns
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Zusammenfassung:This paper uses data from January 2018 to early May 2024 as a sample to study the impact of macroeconomic factors on cryptocurrency returns. The empirical study finds that the price index of means of production significantly negatively impacts bitcoin returns. The US dollar exchange rate also significantly negatively impacts bitcoin returns, while Treasury yields have a positive effect.
ISSN:1059-0560
DOI:10.1016/j.iref.2024.103757