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Research Paper | Statistics | Bahrain | Volume 13 Issue 8, August 2024 | Popularity: 6.3 / 10
The Effect of Christmas on the Cryptocurrency Market with a Data Science Case Study
Kavinkrishnan Gokulakrishnan
Abstract: This paper investigates the impact of the Christmas period on the prices of five cryptocurrencies Bitcoin, Ethereum, Ripple, Litecoin and Dogecoin from 2017 to 2021 By employing statistical and data science analysis, the study aims to enhance the understanding of seasonality anomalies in the cryptocurrency market The results reveal significant price fluctuations during the Christmas period, highlighting the potential for seasonal effects in digital currencies.
Keywords: Cryptocurrencies, Seasonality, Anomalies, Fluctuations of Cryptocurrency Prices, Christmas Effect
Edition: Volume 13 Issue 8, August 2024
Pages: 399 - 404
DOI: https://www.doi.org/10.21275/SR24801163449
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