The day-of-the-week pattern of price clustering in Bitcoin

被引：19
|
作者：
Mbanga, Cedric L. [1 ]
机构：
[1] Missouri State Univ, Sch Business Adm, Dept Finance & Gen Business, Springfield, MO 65897 USA
来源：
APPLIED ECONOMICS LETTERS | 2019年 / 26卷 / 10期
关键词：
Bitcoin; price clustering; cryptocurrency; day-of-the-week effect; INEFFICIENCY;
D O I：
10.1080/13504851.2018.1497844
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Following Urquhart (2017) who finds evidence of price clustering in Bitcoin, we answer the question of whether the documented price clustering in Bitcoin is driven by any given day-of-the-week. We find evidence that Bitcoin prices cluster around whole numbers more on Fridays and least on Mondays. We also show that Bitcoin price clustering around the top three most frequent two-digit decimals is primarily a Friday phenomenon.
引用
收藏
页码：807 / 811
页数：5
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