The Fluctuations of Bitcoin Price during the Hacks
Journal Title: International Journal of Applied Research in Management and Economics - Year 2020, Vol 3, Issue 1
Abstract
Security breaches of the cryptocurrency exchanges usually cause the price fluctuation in the market. Approximately one hundred cryptocurrency thefts, including hacks and scams, has occurred since 2012 to 2018, half of which are hacks of Bitcoin. Based on the thirty Bitcoin hacks, this study portrays the general price pattern during the hack. And it illustrates the link between the size of the hack and the subsequent price change of Bitcoin. The tests reveal that the larger the volume of the hack, the stronger the price drop. However, a similar obvious relationship does not exist for the recovery of the price. The study might be the first piece of research focus on the hacks and the price pattern in a short time period.
Authors and Affiliations
Jiarun Hu,Qian Luo,Jiaen Zhang,
Keywords
Related Articles
- EP ID EP745348
- DOI https://doi.org/10.33422/ijarme.v3i1.278
- Views 41
- Downloads 0
Plastic In Skincare Cosmetics: An Investigation of the Acceptance of Plastic Packaging and Micro-Plastics When Buying Skincare Products
Never before has so much plastic existed within the environment as is currently the case. Cosmetics are a significant part of the plastic problem, both in terms of microplastics in the ingredients and through plastic-con...
The Impact of External Communication Strategy on Blockchain Startups: Analysing the Case of Credits Blockchain Platform
Communication is always an important part of establishing a businessâ sense of direction and growth; information needs to be accessed by the receiver in an appropriate way and put across in a clear, impactful and engag...
The Effect of Perceived Value on Customer Loyalty by Examining the Mediating Role of Electronic Word-of-Mouth Advertising and Customer Satisfaction: Case Study of Jabama Company
This study was conducted to investigate the effect of perceived value on customer loyalty by examining the mediating role of electronic word-of-mouth (eWOM) advertising and customer satisfaction (a Case study of Jabama C...
Testing the Existence of the Ricardian Equivalence in Ghana in this 21st Century
The Ricardian Equivalence Hypothesis formulated by a classical British economist David Ricardo argues that a reduced tax now is a tax increase in the future, the substitution of debt for current taxes has no effect on ag...
Matrix Hard - The Impact of Technological, Economic and Social Indicators on Productivity and Competitiveness
The objective of this research is to demonstrate the impact of technological, economic and social indicators on productivity and competitiveness through the HARD Matrix method, proposed by the European Commission. The le...