Cryptocurrency Q&A What is the day of the week effect in the cryptocurrency market anomaly?

What is the day of the week effect in the cryptocurrency market anomaly?

isabella_bailey_economist isabella_bailey_economist Mon Dec 23 2024 | 5 answers 1665
I'm interested in understanding the day of the week effect in the context of cryptocurrency market anomalies. I want to know if there's a pattern or trend associated with certain days of the week that affects the cryptocurrency market. What is the day of the week effect in the cryptocurrency market anomaly?

5 answers

KDramaLegendaryStar KDramaLegendaryStar Wed Dec 25 2024
Cryptocurrencies have been subject to various analytical studies to uncover potential market anomalies.

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ThunderBreezeHarmony ThunderBreezeHarmony Wed Dec 25 2024
Caporale and Plastun conducted a thorough investigation into the day-of-the-week effect in the cryptocurrency market.

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CryptoLegend CryptoLegend Wed Dec 25 2024
Utilizing diverse statistical techniques, they aimed to identify any irregularities in the pricing behavior of digital currencies.

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DondaejiDelight DondaejiDelight Tue Dec 24 2024
Their analysis specifically highlighted Bitcoin, revealing that it exhibited unusual patterns in its returns.

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Chiara Chiara Tue Dec 24 2024
Notably, they found that Bitcoin's returns on Mondays were notably higher compared to the rest of the week.

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