The determinants of price volatility in bitcoin / Nur Aisyah Mohamad Sukhir

• Main Author: Mohamad Sukhir, Nur Aisyah
• Format: Thesis
• Language: English
• Published: 2022
• Subjects: Money
• Online Access: https://ir.uitm.edu.my/id/eprint/98398/1/98398.pdf; https://ir.uitm.edu.my/id/eprint/98398/

The research of the factor for Bitcoin price volatility has been limited despsite the emergence interest of public. This is why yhis research aims to expand the current literature reviews and expand current leads in order to determine the Bitcoin price volatility. However, the objectives of this research are to analyzing the relationship between the Bitcoin price volatility and the selected factors that influence the Bitcoin price volatility. This research presents a study of Bitcoin price volatility over the period of 2011-2020. The total that has been observed from this study is 10 years. This research is to indicate Oil price, Gold price, Nikkei 225 performance and S&P 500 performance as independent variable while the dependent variable Bitcoin price. In addition, this research is utilizing descriptive analysis, correlation analysis, Ramsey Reset test, multicollinearity test, heteroskedasticity test, and regression analysis to determine either the independent variable is significant or insignificant towards Bitcoin price volatility. Moreover, the findings results indicates the price of Bitcoin is affected by the S&P 500 performance which shows consistency with results from previous literature.