#Bitcoin, #COVID-19: Twitter-based uncertainty and Bitcoin before and during the pandemic

Artikel

We investigated the differential impacts of a new Twitter-based Market Uncertainty index (TMU) and variables for Bitcoin before and during the COVID-19 pandemic. Results showed that TMU is a leading indicator of Bitcoin returns only during the pandemic, and the effect of the TMU on Bitcoin's conditional volatility is significantly greater during the pandemic. Furthermore, during the pandemic, the uncertainty content of people's tweets is impacted by the highly salient Bitcoin market. Taken together, our results suggest that the information contained in virtual communities such as Twitter have a much larger impact on cryptocurrency markets following COVID-19.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 9 ; Year: 2021 ; Issue: 2 ; Pages: 1-7 ; Basel: MDPI

Classification and Topics

• Classification: Wirtschaft ; Financial Economics: General ; General Financial Markets: Other ; Behavioral Finance: General‡ ; Behavioral Finance: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets‡
• Subject: Bitcoin ; COVID-19 ; cryptocurrency ; Twitter ; uncertainty

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): French, Joseph J.
• Event: Veröffentlichung
• (who): MDPI
• (where): Basel
• (when): 2021

Further information

• DOI: doi:10.3390/ijfs9020028
• Handle: http://hdl.handle.net/10419/257773
• Last update: 10.03.2025, 11:43 AM CET