Empirical Analysis of Cryptocurrencies in Global Financial Market

Abstract

In this paper, the price fluctuation of Bitcoin under speculative environment is studied.The main objective of the present study is to understand the different types of crypto currency and to investigate bitcoin price drivers under speculative market behaviour. Over the course of the period from 2014 to 2018, the trend in price movements of bitcoin has proved to be strongly speculative. In that regard, investors might be curious about what drivers might be instrumental in these speculative price changes.