About | Contact Us | Register | Login
ProceedingsSeriesJournalsSearchEAI
Proceedings of the 2nd International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2023, July 7–9, 2023, Chongqing, China

Research Article

Volatility in Cryptocurrency Prices During COVID-19

Download314 downloads
Cite
BibTeX Plain Text
  • @INPROCEEDINGS{10.4108/eai.7-7-2023.2338050,
        author={Chang  Ding},
        title={Volatility in Cryptocurrency Prices During COVID-19},
        proceedings={Proceedings of the 2nd International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2023, July 7--9, 2023, Chongqing, China},
        publisher={EAI},
        proceedings_a={FFIT},
        year={2023},
        month={10},
        keywords={cryptocurrency time series covid-19},
        doi={10.4108/eai.7-7-2023.2338050}
    }
    
  • Chang Ding
    Year: 2023
    Volatility in Cryptocurrency Prices During COVID-19
    FFIT
    EAI
    DOI: 10.4108/eai.7-7-2023.2338050
Chang Ding1,*
  • 1: Xi'an Jiaotong Liverpool University
*Contact email: Chang.Ding22@student.xjtlu.edu.cn

Abstract

This paper examines how COVID-19 affects the volatility and forecasting of Bitcoin price. It compares the cryptocurrency market with traditional financial markets using descriptive statistics and risk indicators. The cryptocurrency market experienced significant fluctuations during the pandemic, affecting prices and trading volume. The ARIMA(1,1,1) model was selected and used to forecast the Bitcoin price, showing relatively low volatility in the coming months, and evaluates the model performance using MAPE and RMSE.

Keywords
cryptocurrency time series covid-19
Published
2023-10-26
Publisher
EAI
http://dx.doi.org/10.4108/eai.7-7-2023.2338050
Copyright © 2023–2025 EAI
EBSCOProQuestDBLPDOAJPortico
EAI Logo

About EAI

  • Who We Are
  • Leadership
  • Research Areas
  • Partners
  • Media Center

Community

  • Membership
  • Conference
  • Recognition
  • Sponsor Us

Publish with EAI

  • Publishing
  • Journals
  • Proceedings
  • Books
  • EUDL