{"product_id":"bitcoin-pricing-an-empirical-analysis-9783668911314","title":"Bitcoin Pricing. An Empirical Analysis","description":"\u003cp\u003e • Author(s): Andreas Bialek\u003cbr\u003e • Publisher: Grin Verlag\u003cbr\u003e • Publisher Imprint: Grin Verlag\u003cbr\u003e • BISAC: General\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eMaster's Thesis from the year 2018 in the subject Business economics - Miscellaneous, grade: 1,3, University of Hamburg, language: English, abstract: In this paper, I analyze the relation between daily bitcoin returns and sentiment, using a dataset reaching from 2013 to 2018. I find that daily bitcoin returns are not only affected contemporaneous by the bitcoin-sentiment measures, but also in the next three days - while established stock-market sentiment measures provide no explanatory power. Additionally, the negative emotions show return-reversal patterns as often observed in sentiment-induced mispricing literature, resulting in higher returns the next two days, after affecting returns negatively today. I further find that trading volume affects re-turns positively today, in the next four days, and that it is connected with stock-market measures. For what I wisdom, this is also the first academic research that uses the recently introduced Thomson Reuters MarketPsych Indices on cryptocurrencies.\u003c\/p\u003e","brand":"Grin Verlag","offers":[{"title":"Paperback","offer_id":45565498359959,"sku":"9783668911314","price":3316.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9783668911314.webp?v=1767930986","url":"https:\/\/atlanticbooks.com\/products\/bitcoin-pricing-an-empirical-analysis-9783668911314","provider":"Atlantic Books","version":"1.0","type":"link"}