Computer Science
2 years ago

Bitcoin's Price Dictates Major Cryptocurrencies, Impacting Global Financial Markets.

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The Journal of Prediction Markets
Empirical Analysis of Bitcoin and Major Cryptocurrencies Prices
Isik Akin, Hakan Şatıroğlu

Paper Summary

The study analyzed the prices of major cryptocurrencies like Bitcoin from 2018 to 2021. By using time series analysis, the researchers found that the prices of these cryptocurrencies are closely linked to the price of Bitcoin. This suggests that changes in Bitcoin's price can influence the prices of other major cryptocurrencies.

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