How Do Bitcoin Price Fluctuations Affect Crude Oil Markets ?

Kaabia, Olfa; Abid, Ilyes; Guesmi, Khaled; Sahut, Jean‐Michel

doi:10.3917/g2000.371.0047

Cited by 15 publications

(11 citation statements)

References 28 publications

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“…Results in this research are supported by the results of research conducted by Kaabia et al. (2020) found that the Crude Oil variable has a robust correlation (greater than 0.8).…”

Section: Resultssupporting

confidence: 77%

“…Many previous studies have examined the relationship between crude oil and bitcoin. For example, Kaabia et al. (2020) used the Bayesian Shinkage VAR model and found a significant positive relationship between Bitcoin and all Crude Oil Prices.…”

Section: Literature Review (And Hypothesis Development)mentioning

confidence: 99%

“…However, no studies use the period during the Covid-19 pandemic. Second, our method differs from several previous studies, i.e., Ozturk (2020) and Kaabia et al. (2020) .…”

Section: Introductionmentioning

confidence: 97%

“…This research contributes to the literature on the cryptocurrency market, particularly bitcoin, in several aspects. First, our study offers a new and unprecedented research period, although several studies are also analyzing bitcoin and crude oil ( Kaabia et al., 2020 ). However, no studies use the period during the Covid-19 pandemic.…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

The effect of global price movements on the energy sector commodity on bitcoin price movement during the COVID-19 pandemic

Meiryani

Tandyopranoto

Emanuel

et al. 2022

Heliyon

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“…Results in this research are supported by the results of research conducted by Kaabia et al. (2020) found that the Crude Oil variable has a robust correlation (greater than 0.8).…”

Section: Resultssupporting

confidence: 77%

Section: Literature Review (And Hypothesis Development)mentioning

confidence: 99%

“…However, no studies use the period during the Covid-19 pandemic. Second, our method differs from several previous studies, i.e., Ozturk (2020) and Kaabia et al. (2020) .…”

Section: Introductionmentioning

confidence: 97%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

The effect of global price movements on the energy sector commodity on bitcoin price movement during the COVID-19 pandemic

Meiryani

Tandyopranoto

Emanuel

et al. 2022

Heliyon

View full text Add to dashboard Cite

“…They had analyzed the relations between the most popular cryptocurrencies and a range of selected fiat currencies purposed to identify any pattern and causality between the variables (11). Empirical findings from (12) had suggested a high positive correlation between Bitcoin and oil markets and confirm that there were a strong correlation and a positive relationship between Bitcoin and crude oil prices.…”

Section: Introductionmentioning

confidence: 99%

An Analysis on Cryptocurrencies and Macroeconomic Variables Using Vector Error Correction Model (Vecm)

Ismail¹,

Basah²

2021

AJMBS

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Cryptocurrency symbolizes of a new development in the financial sector since it is the world's first entirely decentralized digital payment system. The cryptocurrency known as virtual money is one of the most important innovations brought on by digitalization. The purpose of this study is to analyze the relationship between the cryptocurrency (Bitcoin, Monero, and Stellar) with macroeconomics variables known as stock price index (Dow Jones dan Nikkei), oil price (Brent Oil dan WTI), and exchange rates (Australian Dollar, Euro, and Pound Sterling). The data was obtained from investing.com on monthly basis for the period between January 2016 untuil December 2020. The analysis were conducted based on unit root test, co-integration and vector error correction model (VECM) in order to identify the relationship between the three selected cryptocurrencis with macroeconomic variables. The findings of this paper showed that there is cointegration between the variables. The Vector Error Correction Model (VECM) indicates that the Bitcoin model and Stellar model did not have a long-run relationship. While for the second model, Monero found to have a long-run relationship with the variables. This research contributes to the growing study on cryptocurrency while extend and complement the literature by sourcing the latest research paper on this related field.

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Investigating the nature of interaction between crypto-currency and commodity markets

Bouazizi

Galariotis

Guesmi

et al. 2023

International Review of Financial Analysis

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How Do Bitcoin Price Fluctuations Affect Crude Oil Markets ?

Cited by 15 publications

References 28 publications

The effect of global price movements on the energy sector commodity on bitcoin price movement during the COVID-19 pandemic

The effect of global price movements on the energy sector commodity on bitcoin price movement during the COVID-19 pandemic

An Analysis on Cryptocurrencies and Macroeconomic Variables Using Vector Error Correction Model (Vecm)

Investigating the nature of interaction between crypto-currency and commodity markets

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