Google trends and cryptocurrencies: A nonparametric causality-in-quantiles analysis
Google trends and cryptocurrencies: A nonparametric causality-in-quantiles analysis
Purpose: This article aims to uncover the impact of Google Trends on cryptocurrency markets beyond Bitcoin during the time of increased attention to altcoins, especially during the COVID-19 pandemic. Design/methodology/approach: This paper analyses the nexus among the Google Trends and six cryptocurrencies, namely Bitcoin, New Economy Movement (NEM), Dash, Ethereum, Ripple and Litecoin by utilizing the causality-in-quantiles technique on data comprised of the years January 2016–March 2021. Findings: The findings show that Google Trends cause the Litecoin, Bitcoin, Ripple, Ethereum and NEM prices at majority of the quantiles except for Dash. Originality/value: The findings will help investors to develop more in-depth understanding of impact of Google Trends on cryptocurrency prices and build successful trading strategies in a more matured digital assets ecosystem.
Bitcoin, Cryptocurrencies, Dash, Ethereum, Google Trends, Litecoin, NEM, Ripple
Raza, Sayed Ali
2a5c1318-5569-44ac-8067-d5807f81e3ef
Yarovaya, Larisa
2bd189e8-3bad-48b0-9d09-5d96a4132889
Guesmi, Khaled
0362af4a-7579-4d45-8fbd-1e0293fdec3d
Shah, Nida
e3aafcb0-6450-420d-a784-5f8c87de7eb7
3 May 2022
Raza, Sayed Ali
2a5c1318-5569-44ac-8067-d5807f81e3ef
Yarovaya, Larisa
2bd189e8-3bad-48b0-9d09-5d96a4132889
Guesmi, Khaled
0362af4a-7579-4d45-8fbd-1e0293fdec3d
Shah, Nida
e3aafcb0-6450-420d-a784-5f8c87de7eb7
Raza, Sayed Ali, Yarovaya, Larisa, Guesmi, Khaled and Shah, Nida
(2022)
Google trends and cryptocurrencies: A nonparametric causality-in-quantiles analysis.
International Journal of Emerging Markets.
(doi:10.1108/IJOEM-10-2021-1522).
Abstract
Purpose: This article aims to uncover the impact of Google Trends on cryptocurrency markets beyond Bitcoin during the time of increased attention to altcoins, especially during the COVID-19 pandemic. Design/methodology/approach: This paper analyses the nexus among the Google Trends and six cryptocurrencies, namely Bitcoin, New Economy Movement (NEM), Dash, Ethereum, Ripple and Litecoin by utilizing the causality-in-quantiles technique on data comprised of the years January 2016–March 2021. Findings: The findings show that Google Trends cause the Litecoin, Bitcoin, Ripple, Ethereum and NEM prices at majority of the quantiles except for Dash. Originality/value: The findings will help investors to develop more in-depth understanding of impact of Google Trends on cryptocurrency prices and build successful trading strategies in a more matured digital assets ecosystem.
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Accepted/In Press date: 10 April 2022
e-pub ahead of print date: 3 May 2022
Published date: 3 May 2022
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Publisher Copyright:
© 2022, Emerald Publishing Limited.
Keywords:
Bitcoin, Cryptocurrencies, Dash, Ethereum, Google Trends, Litecoin, NEM, Ripple
Identifiers
Local EPrints ID: 456984
URI: http://eprints.soton.ac.uk/id/eprint/456984
ISSN: 1746-8809
PURE UUID: 79bae3a1-6d82-4b71-890c-a857d2ffb6d7
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Date deposited: 18 May 2022 17:16
Last modified: 17 Mar 2024 07:16
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Author:
Sayed Ali Raza
Author:
Khaled Guesmi
Author:
Nida Shah
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