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We present a detailed bubble analysis of the Bitcoin to US Dollar price dynamics from January 2012 to February 2018. We introduce a robust automatic peak detection method that classifies price time series into periods of uninterrupted…

Econometrics · Economics 2019-05-31 Jan-Christian Gerlach , Guilherme Demos , Didier Sornette

Based on the cryptocurrency market dynamics, this study presents a general methodology for analyzing evolving correlation structures in complex systems using the $q$-dependent detrended cross-correlation coefficient \rho(q,s). By extending…

Statistical Finance · Quantitative Finance 2025-10-29 Marcin Wątorek , Marija Bezbradica , Martin Crane , Jarosław Kwapień , Stanisław Drożdż

The rapid growth of the stock market has attracted many investors due to its potential for significant profits. However, predicting stock prices accurately is difficult because financial markets are complex and constantly changing. This is…

Machine Learning · Computer Science 2024-07-17 Abdelatif Hafid , Maad Ebrahim , Ali Alfatemi , Mohamed Rahouti , Diogo Oliveira

Analyzing social media trends can create a win-win situation for both creators and consumers. Creators can receive fair compensation, while consumers gain access to engaging, relevant, and personalized content. This paper proposes a new…

Social and Information Networks · Computer Science 2024-06-27 Abhishek Saxena , Anton Kolonin

Cryptocurrency refers to a type of digital asset that uses distributed ledger, or blockchain, technology to enable a secure transaction. Although the technology is widely misunderstood, many central banks are considering launching their own…

Computational Finance · Quantitative Finance 2020-07-30 Wolfgang Karl Härdle , Campbell R. Harvey , Raphael C. G. Reule

This study investigates the transmission of monetary policy narratives to Bitcoin prices, distinguishing the impact of ex-ante expectations from ex-post interest rate implementation. We introduce a high-frequency Monetary Policy…

While attention is a predictor for digital asset prices, and jumps in Bitcoin prices are well-known, we know little about its alternatives. Studying high frequency crypto data gives us the unique possibility to confirm that cross market…

Trading and Market Microstructure · Quantitative Finance 2021-10-19 Danial Saef , Odett Nagy , Sergej Sizov , Wolfgang Karl Härdle

Financial fraud cases are on the rise even with the current technological advancements. Due to the lack of inter-organization synergy and because of privacy concerns, authentic financial transaction data is rarely available. On the other…

On-chain data (metrics) of blockchain networks, akin to company fundamentals, provide crucial and comprehensive insights into the networks. Despite their informative nature, on-chain data have not been utilized in reinforcement learning…

Portfolio Management · Quantitative Finance 2023-07-06 Zhenhan Huang , Fumihide Tanaka

Recent empirical evidence has highlighted the crucial role of jumps in both price and volatility within the cryptocurrency market. In this paper, we integrate price--volatility co-jumps and volatility short-term dependency into a coherent…

Pricing of Securities · Quantitative Finance 2025-06-17 Boyi Li , Weixuan Xia

The number of users approaching the world of cryptocurrencies exploded in the last years, and consequently the daily interactions on their underlying distributed ledgers have intensified. In this paper, we analyze the flow of these digital…

Networking and Internet Architecture · Computer Science 2021-10-29 Luca Serena , Stefano Ferretti , Gabriele D'Angelo

We study the price dynamics of cryptocurrencies using adaptive complementary ensemble empirical mode decomposition (ACE-EMD) and Hilbert spectral analysis. This is a multiscale noise-assisted approach that decomposes any time series into a…

Statistical Finance · Quantitative Finance 2021-05-19 Tim Leung , Theodore Zhao

Recent studies in big data analytics and natural language processing develop automatic techniques in analyzing sentiment in the social media information. In addition, the growing user base of social media and the high volume of posts also…

Computation and Language · Computer Science 2021-10-19 Xin Huang , Wenbin Zhang , Xuejiao Tang , Mingli Zhang , Jayachander Surbiryala , Vasileios Iosifidis , Zhen Liu , Ji Zhang

This paper is the first of a series of short articles that explore the efficiency of major cryptocurrency markets. A number of statistical tests and properties of statistical distributions will be used to assess if cryptocurrency markets…

Statistical Finance · Quantitative Finance 2020-04-01 Eugene Tartakovsky , Ksenia Plesovskikh , Anastasiia Sarmakeeva , Alexander Bibik

This study investigates the relationship between narratives conveyed through microblogging platforms, namely Twitter, and the value of crypto assets. Our study provides a unique technique to build narratives about cryptocurrency by…

Computational Finance · Quantitative Finance 2023-06-12 Lubdhak Mondal , Udeshya Raj , Abinandhan S , Began Gowsik S , Sarwesh P , Abhijeet Chandra

The bitcoin price has surged in recent years and it has also exhibited phases of rapid decay. In this paper we address the question to what extent this novel cryptocurrency market can be viewed as a classic or semi-efficient market. Novel…

Statistical Finance · Quantitative Finance 2019-06-26 Josselin Garnier , Knut Solna

This paper investigates the dynamics of risk transmission in cryptocurrency markets and proposes a novel framework for volatility forecasting. The framework uncovers two key empirical facts: the asymmetric amplification of volatility…

General Economics · Economics 2025-07-31 Sicheng Fu , Fangfang Zhu , Xiangdong Liu

Blockchain data analysis is essential for deriving insights, tracking transactions, identifying patterns, and ensuring the integrity and security of decentralized networks. It plays a key role in various areas, such as fraud detection,…

Cryptography and Security · Computer Science 2024-12-16 Kentaroh Toyoda , Xiao Wang , Mingzhe Li , Bo Gao , Yuan Wang , Qingsong Wei

Decision Transformer (DT) shows promise for generative auto-bidding by capturing temporal dependencies, but suffers from two critical limitations: insufficient cross-correlation modeling among state, action, and return-to-go (RTG)…

Machine Learning · Computer Science 2026-01-30 Jinren Ding , Xuejian Xu , Shen Jiang , Zhitong Hao , Jinhui Yang , Peng Jiang

Cryptocurrencies gain trust in users by publicly disclosing the full creation and transaction history. In return, the transaction history faithfully records the whole spectrum of cryptocurrency user behaviors. This article analyzes and…

Cryptography and Security · Computer Science 2020-10-05 Xiao Fan Liu , Xin-Jian Jiang , Si-Hao Liu , Chi Kong Tse