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

页码：807 / 811

页数：5

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