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The relationship between cryptocurrencies and COVID-19 pandemic

ArticleAçık Erişim

Özet

We examine the relationship between cryptocurrencies (namely Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP)) and COVID-19 cases/deaths. This will help explore whether cryptocurrencies can serve as a hedge against COVID-19. The wavelet coherence analysis indicates that there is initially a negative relationship between Bitcoin and the number of reported cases and deaths; however, the relationship becomes positive during the later period. The findings for Ethereum and Ripple are also similar but with weaker interactions. This supports the hedging role of cryptocurrencies against the uncertainty raised by COVID-19. © 2020, Eurasia Business and Economics Society.

Anahtar Kelimeler

BitcoinCOVID-19EthereumRippleWavelet coherence
RDL Kalıcı Bağlantı (PID)
https://rdlopen.rawdatalibrary.net/r/ebyu/13545Resmi atıflarda kullanılan kalıcı adres
DOI
https://doi.org/10.1007/s40822-020-00154-1Yayıncı resmi DOI adresi
Tam Kayıt
AlanDeğerDil
dc.contributor.authorDemir, Ender
dc.contributor.authorBilgin, Mehmet Huseyin
dc.contributor.authorKarabulut, Gokhan
dc.contributor.authorDoker, Asli Cansin
dc.date.accessioned2026-10-18T20:28:22.630191145Z
dc.date.available2026-10-18T20:28:22.630191145Z
dc.date.issued2020
dc.description.abstractWe examine the relationship between cryptocurrencies (namely Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP)) and COVID-19 cases/deaths. This will help explore whether cryptocurrencies can serve as a hedge against COVID-19. The wavelet coherence analysis indicates that there is initially a negative relationship between Bitcoin and the number of reported cases and deaths; however, the relationship becomes positive during the later period. The findings for Ethereum and Ripple are also similar but with weaker interactions. This supports the hedging role of cryptocurrencies against the uncertainty raised by COVID-19. © 2020, Eurasia Business and Economics Society.
dc.identifier.doi10.1007/s40822-020-00154-1
dc.identifier.eissn2147-429X
dc.identifier.endpage360
dc.identifier.issn1309-422X
dc.identifier.issue3
dc.identifier.scopus2-s2.0-85088840834
dc.identifier.startpage349
dc.identifier.urihttps://rdlopen.rawdatalibrary.net/r/ebyu/13545
dc.identifier.volume10
dc.identifier.wosWOS:000553750100001
dc.language.isoen
dc.publisherSpringer
dc.relation.ispartofEurasian Economic Review
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectBitcoin
dc.subjectCOVID-19
dc.subjectEthereum
dc.subjectRipple
dc.subjectWavelet coherence
dc.titleThe relationship between cryptocurrencies and COVID-19 pandemic
dc.typeArticle
dspace.entity.typePublication
rdl.citation.scopus153
rdl.citation.wos134
rdl.oa.statusgreen
rdl.source.indexSCOPUS
rdl.source.indexWOS
rdl.wos.indexEmerging Sources Citation Index (ESCI)