The seasonality in the cryptocurrency market
Master thesis
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https://hdl.handle.net/11250/3082734Utgivelsesdato
2023Metadata
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Sammendrag
In recent times economists have tried to understand the cryptocurrency market in more detail.The cryptocurrency market has gathered widespread interest not only due to the financial gainsmade by several people but also due to blockchain technology. There have been severalscientific studies conducted to understand the cryptocurrency market and this thesis aims toprovide its readers with additional information. This thesis will cover a well-known economicphenomenon called seasonality. In particular, the seasonality effect within the cryptocurrencymarket through various economic methods to see whether there is any effect or not. Theseasonality effects tested for are the Halloween effect, the January effect, the Monday effect,the Turn-of-the-month effect and the Weekend effect. The results show evidence of the Turn of-the-month effect and no evidence for the other effects.