A comparative analysis of the price explosiveness in Bitcoin and forked coins

Xiaolin Kong, Chaoqun Ma, Yi-Shuai Ren, Konstantinos Baltas and Seema Narayan

Finance Research Letters, 2024, vol. 61, issue C

Abstract: This study employs the PSY method to detect the price bubble of Bitcoin (BTC) and its forked coins. The statistical relationship between BTC and its forked coins is then calculated using Pearson correlation coefficients and six distance measurement methods. The findings indicate that (1) BTC has more bubbles with longer periods. In contrast, certain forked coins do not have bubbles; (2) The correlation between the price bubble of BTC and several forked coins is significant; (3) From the distance of binary time series, Bitcoin Cash and BTC are the closest, while Bitcoin SV is the farthest from BTC.

Keywords: Bitcoin; Forked coins; Price bubbles; Explosiveness; PSY test (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:61:y:2024:i:c:s1544612323013272

DOI: 10.1016/j.frl.2023.104955

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