The Impact of Transparent Money Flows: Effects of Stablecoin Transfers on Return and Trading Volume of Bitcoin

2020-11-13T14:07:34+00:00

A sample of 1,587 stablecoin transfers of one million dollars or more is analyzed to find out how they affect Bitcoin returns and trading volume. We find effects on trading volume and returns in the hours around transfers. The findings illustrate the feedback effects between cryptocurrency markets and stablecoin usage.

Market Reaction to Large Transfers on the Bitcoin Blockchain – Do Size and Motive Matter?

2020-11-10T07:46:03+00:00

Cryptocurrency markets are often deemed inefficient. This paper explores how the market reacts to a specific form of public information: large Bitcoin transactions. The event study examines the price effects of 2,132 transactions involving at least 500 Bitcoins...

Returns from Investing in Cryptocurrency: Evidence from German Individual Investors

2020-11-10T07:55:11+00:00

We analyze a subpopulation of 225 cryptocurrency owners who classify as investors. 56% of them experienced positive returns, while 29% had negative results. The remaining respondents broke even. The average investment was €1,773 in a portfolio ...

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