|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
New research model sheds light on cryptocurrency market drivers
Aug 05, 2024 at 12:36 pm
The study carefully analyzed the prices of cryptocurrencies, particularly bitcoin, revealing that markets are significantly influenced by both conventional financial factors and cryptocurrency-specific factors.
Uno studio recente ha esaminato attentamente i prezzi delle criptovalute, in particolare del bitcoin, scoprendo che i mercati sono fortemente influenzati sia da fattori finanziari tradizionali che da fattori specifici delle criptovalute.
A recent study carefully examined the prices of cryptocurrencies, particularly bitcoin, finding that markets are heavily influenced by both traditional financial factors and cryptocurrency-specific factors.
Il documento, redatto da Austin Adams di Uniswap Labs, Markus Ibert del Dipartimento di Finanza della Copenhagen Business School e Gordon Liao di Circle Internet Financial, è stato pubblicato all'inizio di questa settimana.
The paper, authored by Austin Adams of Uniswap Labs, Markus Ibert of the Department of Finance at Copenhagen Business School and Gordon Liao of Circle Internet Financial, was published earlier this week.
Nuova ricerca
New research
Abbiamo collaborato con @cerchio e la Copenhagen Business School per esplorare cosa determina i prezzi delle criptovalute, esaminando l'impatto di:
We teamed up with @cerchio and Copenhagen Business School to explore what drives cryptocurrency prices, examining the impact of:
+ Politica monetaria
+ Monetary policy
+ Ampio premio di rischio di mercato
+ Large market risk premium
+ Domanda specifica per le criptovalute
+ Cryptocurrency specific question
🛒 Continua a leggere qui: https://t.co/S0FqJGV7vb
🛒 Continue reading here: https://t.co/S0FqJGV7vb
— Laboratori Uniswap (@Uniswap) 30 luglio 2024
— Uniswap Laboratories (@Uniswap) July 30, 2024
Cosa guida i mercati delle criptovalute?
What Drives Cryptocurrency Markets?
I ricercatori hanno utilizzato un "modello autoregressivo vettoriale con restrizioni di segno (VAR)" che ha consentito loro di analizzare le fluttuazioni dei prezzi delle criptovalute derivanti da ricadute dai mercati finanziari tradizionali rispetto ai rischi inerenti alle criptovalute.
The researchers used a “sign-restricted vector autoregressive (VAR) model” that allowed them to analyze cryptocurrency price fluctuations resulting from spillovers from traditional financial markets versus the risks inherent in cryptocurrencies.
Il nuovo modello ha suddiviso i rendimenti di bitcoin in vari shock, tra cui shock di politica monetaria, premio di rischio convenzionale, adozione e premio di rischio crypto. Ha scoperto che gli shock di politica monetaria hanno un impatto sostanziale sui prezzi di bitcoin, soprattutto su orizzonti temporali più lunghi.
The new model divided bitcoin returns into various shocks, including monetary policy shocks, conventional risk premium, adoption and crypto risk premium. It found that monetary policy shocks have a substantial impact on bitcoin prices, especially over longer time horizons.
Ad esempio, la politica monetaria restrittiva adottata dalla Federal Reserve quando aumentava i tassi di interesse ha rappresentato oltre due terzi del brusco calo del bitcoin nel 2022, quando l'asset ha perso circa il 65%.
For example, the Federal Reserve's restrictive monetary policy as it raised interest rates accounted for more than two-thirds of bitcoin's sharp decline in 2022, when the asset lost about 65%.
Anche il contagio delle criptovalute causato dal crollo dell'ecosistema Terra/Luna e di FTX più avanti nel corso dell'anno ha contribuito a quel grande mercato ribassista.
Cryptocurrency contagion caused by the collapse of the Earth/Moon ecosystem and FTX later in the year also contributed to that major bear market.
La ricerca ha rilevato che, mentre gli shock convenzionali possono avere impatti significativi a bassa frequenza sui prezzi delle criptovalute, "la maggior parte dei movimenti quotidiani dei prezzi dei bitcoin restano inspiegati" a causa di queste interruzioni.
The research found that while conventional shocks can have significant low-frequency impacts on cryptocurrency prices, “most daily bitcoin price movements remain unexplained” due to these disruptions.
Ha inoltre scoperto che quando c'è turbolenza nel mercato delle criptovalute, le persone tendono a spostare il loro denaro in stablecoin, esibendo un comportamento simile a quello con cui gli investitori potrebbero acquistare oro o titoli di Stato durante le turbolenze del mercato azionario.
It also found that when there is turbulence in the cryptocurrency market, people tend to move their money into stablecoins, exhibiting behavior similar to how investors might buy gold or government bonds during stock market turmoil.
Quando BlackRock ha annunciato i piani per un ETF Bitcoin, il modello ha rilevato sia un'adozione aumentata della classe di asset sia una diminuzione dell'avversione al rischio specifica per le criptovalute. In parole povere, questa notizia ha reso le persone più interessate a BTC e meno preoccupate per i suoi rischi, facendo salire il prezzo.
When BlackRock announced plans for a Bitcoin ETF, the model found both increased adoption of the asset class and decreased cryptocurrency-specific risk aversion. Simply put, this news made people more interested in BTC and less worried about its risks, causing the price to rise.
Cripto ancora non integrata con TradFi
Crypto still not integrated with TradFi
I ricercatori hanno concluso che, sebbene le criptovalute non siano completamente separate dal più ampio ecosistema finanziario, non sono neanche del tutto integrate.
The researchers concluded that while cryptocurrencies are not completely separate from the broader financial ecosystem, they are not fully integrated either.
I loro risultati evidenziano l'importanza di identificare i fattori che determinano i rendimenti delle criptovalute e di comprendere l'evoluzione del rapporto tra questa classe di asset e i mercati finanziari tradizionali.
Their findings highlight the importance of identifying the factors that drive cryptocurrency returns and understanding the evolving relationship between this asset class and traditional financial markets.
Con un taglio dei tassi della Federal Reserve previsto a settembre, i mercati delle criptovalute dovrebbero andare bene più avanti quest'anno grazie all'aumento della liquidità e della propensione al rischio. Ciò è anche in linea con il ciclo di mercato quadriennale, che dovrebbe vedere un picco del mercato rialzista a fine 2025… se la storia fa rima.
With a Federal Reserve rate cut expected in September, cryptocurrency markets are expected to do well later this year thanks to increased liquidity and risk appetite. This is also in line with the four-year market cycle, which is expected to see a bull market peak in late 2025… if history rhymes.
Il post Nuovo modello di ricerca fa luce sui driver del mercato delle criptovalute è apparso per la prima volta su CryptoPotato.
The post New Research Model Sheds Light on Cryptocurrency Market Drivers appeared first on CryptoPotato.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- OpenAI’s o1 crypto portfolio for the 2024 bull run
- Sep 22, 2024 at 04:20 am
- Cryptocurrency analysts say an altseason is “just around the corner,” getting ready for a crypto bull run starting in 2024.
-
- BlockDAG Testnet Arrival: A New Epoch for Crypto Development with 30,000x ROI Potential
- Sep 22, 2024 at 04:20 am
- In the crypto sphere, things are really heating up. BlockDAG‘s much-anticipated Testnet has just gone live, drawing in a crowd of eager traders
-
- Maximize your earnings on TapSwap with our up-to-date list of TapSwap daily codes!
- Sep 22, 2024 at 04:20 am
- Tapswap daily codes for September 22, 2024 Here are the latest TapSwap daily codes which you can use to earn a total of 1.6 million TapSwap coins:
-
- Avalanche (AVAX) Network Faces Challenges: Decline in Activity and New Strategic Shift
- Sep 22, 2024 at 04:20 am
- In a rapidly evolving crypto sector, blockchain projects face a significant challenge: maintaining user interest and finding concrete applications in a market often dominated by speculation.
-
- Trump Unveils New 'Trump Coins' With His Face on Them, Calling the Items a 'True Symbol of American Greatness'
- Sep 22, 2024 at 04:20 am
- The coins are now the latest product to be sold by Trump as he seeks a second term in the White House.
-
- BlockDAG Unveils Highly Anticipated Testnet, Targeting 30,000x ROI as Catizen Anticipates Expansion with HashKey Listing
- Sep 22, 2024 at 04:20 am
- The cryptocurrency market is abuzz with significant developments. BlockDAG has unveiled its highly anticipated Testnet, captivating both traders and developers who are keen to develop unique decentralized applications and NFTs. This foundational blockchain initiative provides a scalable and robust network, which has triggered a remarkable surge in demand, catapulting the presale to close to $73.7 million. Given this excitement, industry specialists are predicting a possible 30,000x ROI.
-
- How to Claim the TapCoin Daily Bounty Bonus and TAP Token Airdrop
- Sep 22, 2024 at 04:20 am
- YEREVAN (CoinChapter.com) — TapCoin allows users to earn daily rewards through its bounty bonus system. Players can unlock daily rewards by selecting specific
-
- BlackRock Expands Crypto Offerings as SEC Approves Bitcoin ETF Options
- Sep 22, 2024 at 04:20 am
- The SEC has given its approval to BlackRock's 19-b4 application allowing the trading of options in its iShares Bitcoin Trust (IBIT).
-
- Claim Your DEFI Kingdoms Airdrop Now or Miss Out Forever!
- Sep 22, 2024 at 04:20 am
- DEFI Kingdoms Program Airdrop Claim TRON Sorcerer Follow -- Listen Share 🔸Token Airdrop: DEFI Kingdoms 🔸Duration: 6 min 🔸Needed Investmnet: zero