Abstract
AbstractThis study investigates the herding behavior in the cryptocurrency market during the period of the Russia and Ukraine conflict using intraday cryptocurrency price data of the five largest cryptocurrencies in terms of market capitalization. The empirical results indicate an anti-herding behavior during the whole period of the conflict, especially after the conflict officially happens. The research contributes to the growing literature on herding behavior in the cryptocurrency market by using intraday data and examining the Russia–Ukraine conflict period.
Funder
Royal Melbourne Institute of Technology
Publisher
Springer Science and Business Media LLC
Subject
General Economics, Econometrics and Finance,General Business, Management and Accounting,Business and International Management,Economics and Econometrics