Matches in SemOpenAlex for { <https://semopenalex.org/work/W3104906013> ?p ?o ?g. }
- W3104906013 abstract "Cross-correlations in fluctuations of the daily exchange rates within the basket of the 100 highest-capitalization cryptocurrencies over the period October 1, 2015, through March 31, 2019, are studied. The corresponding dynamics predominantly involve one leading eigenvalue of the correlation matrix, while the others largely coincide with those of Wishart random matrices. However, the magnitude of the principal eigenvalue, and thus the degree of collectivity, strongly depends on which cryptocurrency is used as a base. It is largest when the base is the most peripheral cryptocurrency; when more significant ones are taken into consideration, its magnitude systematically decreases, nevertheless preserving a sizable gap with respect to the random bulk, which in turn indicates that the organization of correlations becomes more heterogeneous. This finding provides a criterion for recognizing which currencies or cryptocurrencies play a dominant role in the global crypto-market. The present study shows that over the period under consideration, the Bitcoin (BTC) predominates, hallmarking exchange rate dynamics at least as influential as the US dollar. The BTC started dominating around the year 2017, while further cryptocurrencies, like the Ethereum (ETH) and even Ripple (XRP), assumed similar trends. At the same time, the USD, an original value determinant for the cryptocurrency market, became increasingly disconnected, its related characteristics eventually approaching those of a fictitious currency. These results are strong indicators of incipient independence of the global cryptocurrency market, delineating a self-contained trade resembling the Forex." @default.
- W3104906013 created "2020-11-23" @default.
- W3104906013 creator A5020791172 @default.
- W3104906013 creator A5033551127 @default.
- W3104906013 creator A5051352864 @default.
- W3104906013 creator A5057566980 @default.
- W3104906013 creator A5091055664 @default.
- W3104906013 date "2020-02-01" @default.
- W3104906013 modified "2023-10-18" @default.
- W3104906013 title "Competition of noise and collectivity in global cryptocurrency trading: Route to a self-contained market" @default.
- W3104906013 cites W1968044615 @default.
- W3104906013 cites W1973335304 @default.
- W3104906013 cites W1989576509 @default.
- W3104906013 cites W2024503854 @default.
- W3104906013 cites W2039472411 @default.
- W3104906013 cites W2044203091 @default.
- W3104906013 cites W2060392501 @default.
- W3104906013 cites W2060581589 @default.
- W3104906013 cites W2070034262 @default.
- W3104906013 cites W2079482892 @default.
- W3104906013 cites W2135282243 @default.
- W3104906013 cites W2145313821 @default.
- W3104906013 cites W2147675445 @default.
- W3104906013 cites W2576743273 @default.
- W3104906013 cites W2622082560 @default.
- W3104906013 cites W2771030840 @default.
- W3104906013 cites W2782969618 @default.
- W3104906013 cites W2793906868 @default.
- W3104906013 cites W2799345028 @default.
- W3104906013 cites W2803119959 @default.
- W3104906013 cites W2883143933 @default.
- W3104906013 cites W2884677827 @default.
- W3104906013 cites W2895521601 @default.
- W3104906013 cites W2900898792 @default.
- W3104906013 cites W2910161434 @default.
- W3104906013 cites W2913778392 @default.
- W3104906013 cites W2919845116 @default.
- W3104906013 cites W2935912253 @default.
- W3104906013 cites W2941675756 @default.
- W3104906013 cites W2947786581 @default.
- W3104906013 cites W2963140491 @default.
- W3104906013 cites W2963875464 @default.
- W3104906013 cites W2980394603 @default.
- W3104906013 cites W3099391092 @default.
- W3104906013 cites W3102415073 @default.
- W3104906013 cites W3105261522 @default.
- W3104906013 cites W4232474910 @default.
- W3104906013 doi "https://doi.org/10.1063/1.5139634" @default.
- W3104906013 hasPubMedId "https://pubmed.ncbi.nlm.nih.gov/32113224" @default.
- W3104906013 hasPublicationYear "2020" @default.
- W3104906013 type Work @default.
- W3104906013 sameAs 3104906013 @default.
- W3104906013 citedByCount "44" @default.
- W3104906013 countsByYear W31049060132020 @default.
- W3104906013 countsByYear W31049060132021 @default.
- W3104906013 countsByYear W31049060132022 @default.
- W3104906013 countsByYear W31049060132023 @default.
- W3104906013 crossrefType "journal-article" @default.
- W3104906013 hasAuthorship W3104906013A5020791172 @default.
- W3104906013 hasAuthorship W3104906013A5033551127 @default.
- W3104906013 hasAuthorship W3104906013A5051352864 @default.
- W3104906013 hasAuthorship W3104906013A5057566980 @default.
- W3104906013 hasAuthorship W3104906013A5091055664 @default.
- W3104906013 hasBestOaLocation W31049060132 @default.
- W3104906013 hasConcept C141121606 @default.
- W3104906013 hasConcept C149782125 @default.
- W3104906013 hasConcept C162324750 @default.
- W3104906013 hasConcept C166957645 @default.
- W3104906013 hasConcept C180706569 @default.
- W3104906013 hasConcept C193445137 @default.
- W3104906013 hasConcept C205649164 @default.
- W3104906013 hasConcept C2776988154 @default.
- W3104906013 hasConcept C2779343474 @default.
- W3104906013 hasConcept C2780299701 @default.
- W3104906013 hasConcept C33923547 @default.
- W3104906013 hasConcept C38652104 @default.
- W3104906013 hasConcept C41008148 @default.
- W3104906013 hasConcept C556758197 @default.
- W3104906013 hasConceptScore W3104906013C141121606 @default.
- W3104906013 hasConceptScore W3104906013C149782125 @default.
- W3104906013 hasConceptScore W3104906013C162324750 @default.
- W3104906013 hasConceptScore W3104906013C166957645 @default.
- W3104906013 hasConceptScore W3104906013C180706569 @default.
- W3104906013 hasConceptScore W3104906013C193445137 @default.
- W3104906013 hasConceptScore W3104906013C205649164 @default.
- W3104906013 hasConceptScore W3104906013C2776988154 @default.
- W3104906013 hasConceptScore W3104906013C2779343474 @default.
- W3104906013 hasConceptScore W3104906013C2780299701 @default.
- W3104906013 hasConceptScore W3104906013C33923547 @default.
- W3104906013 hasConceptScore W3104906013C38652104 @default.
- W3104906013 hasConceptScore W3104906013C41008148 @default.
- W3104906013 hasConceptScore W3104906013C556758197 @default.
- W3104906013 hasIssue "2" @default.
- W3104906013 hasLocation W31049060131 @default.
- W3104906013 hasLocation W31049060132 @default.
- W3104906013 hasLocation W31049060133 @default.
- W3104906013 hasLocation W31049060134 @default.
- W3104906013 hasOpenAccess W3104906013 @default.
- W3104906013 hasPrimaryLocation W31049060131 @default.
- W3104906013 hasRelatedWork W2017743522 @default.