Bitcoin Cycle through Markov Regime-Switching Model

Yi-Chun Shih; Wen-Tsung Huang; Pao-Peng Hsu

doi:10.3390/engproc2024074012

Engineering Proceedings (Aug 2024)

Bitcoin Cycle through Markov Regime-Switching Model

Yi-Chun Shih,
Wen-Tsung Huang,
Pao-Peng Hsu

Affiliations

Yi-Chun Shih: Department of Insurance and Finance Management, Chaoyang University of Technology, Taichung 413310, Taiwan
Wen-Tsung Huang: Department of Insurance and Finance Management, Chaoyang University of Technology, Taichung 413310, Taiwan
Pao-Peng Hsu: Department of Insurance and Finance Management, Chaoyang University of Technology, Taichung 413310, Taiwan

DOI: https://doi.org/10.3390/engproc2024074012
Journal volume & issue: Vol. 74, no. 1
p. 12

Abstract

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We analyzed Bitcoin’s cyclical patterns used by the Markov regime-switching model and explored the impacts of inflation and the US Dollar Index on Bitcoin’s cyclicality. The results showed Bitcoin’s cyclical pattern, the effects of the US dollar index and VIX on Bitcoin’s cyclical pattern, and how the US dollar index and VIX affect BTC’s structural changes in Bitcoin.

Published in Engineering Proceedings

ISSN: 2673-4591 (Online)
Publisher: MDPI AG
Country of publisher: Switzerland
LCC subjects: Technology: Engineering (General). Civil engineering (General): Engineering machinery, tools, and implements
Website: https://www.mdpi.com/journal/engproc

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