An Investigation of Fiat Characterization and Evolutionary Dynamics of the Cryptocurrency Market

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dc.authoridSen, Doruk/0000-0003-3353-5952|Horasan, Muhammed Bilal/0000-0003-2139-0960
dc.authorwosidDonmez, Cem Cagri C/E-4859-2019
dc.authorwosidSen, Doruk/D-4547-2016
dc.contributor.authorDonmez, Cem Cagri
dc.contributor.authorSen, Doruk
dc.contributor.authorDereli, Ahmet Fatih
dc.contributor.authorHorasan, M. Bilal
dc.contributor.authorYildiz, Cagri
dc.contributor.authorDonmez, Nergis Feride Kaplan
dc.date.accessioned2024-07-18T20:49:02Z
dc.date.available2024-07-18T20:49:02Z
dc.date.issued2021
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.description.abstractRecent developments in global financial markets revealed that cryptocurrencies experienced rapid growth due to the popularity of blockchain technology and its evolving position in the digital finance industry. The rise of cryptocurrencies led economists to question generally accepted financial practices. Particularly the interaction between two different types of financial markets arose as a hot research topic to discover specific relationships and differences between major cryptocurrencies and fiat currencies. Therefore, this article aims to examine analyze by attaching importance to the Bitcoin to investigate significant linkages and analyze critical direct and indirect connections. In this research, Bitcoin-which is known as the most prominent cryptocurrency on the market-and 50 different conventional currencies are taken into consideration by applying cross-correlation, HT (hierarchical tree), and MST (minimum spanning tree) methods. The results of this work can be utilized by academicians and economists for further research related to the subject.en_US
dc.identifier.doi10.1177/2158244021994809
dc.identifier.issn2158-2440
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85101018525en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.urihttps://doi.org/10.1177/2158244021994809
dc.identifier.urihttps://hdl.handle.net/11411/8038
dc.identifier.volume11en_US
dc.identifier.wosWOS:000618765900001en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSage Publications Incen_US
dc.relation.ispartofSage Openen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectBlockchainen_US
dc.subjectCryptocurrenciesen_US
dc.subjectBitcoinen_US
dc.subjectFiat Currenciesen_US
dc.subjectCross-Correlationen_US
dc.subjectMinimum Spanning Treeen_US
dc.subjectHierarchical Treeen_US
dc.subjectCross-Correlationsen_US
dc.subjectHierarchical Structureen_US
dc.subjectBitcoinen_US
dc.subjectArchitectureen_US
dc.subjectBehavioren_US
dc.subjectGolden_US
dc.titleAn Investigation of Fiat Characterization and Evolutionary Dynamics of the Cryptocurrency Marketen_US
dc.typeArticleen_US

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