Data on the impact of Bitcoin price volatility on altcoin pricing

Published: 17 February 2020| Version 3 | DOI: 10.17632/3ryv69dkhx.3
Contributor:
Artur Meynkhard

Description

The paper presents data used to calculate the effect of Bitcoin’s price volatility on altcoin pricing for the period from December 2018 to December 2019. Particularly, the analysis includes data on the price for the following cryptocurrencies: Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Dash and Monero. The data covers a total of one year and includes results of the coefficient of averages indicator, which is calculated for each altcoin individually with the use of data on the average growth rates and average decline rates of cryptocurrencies in relation to Bitcoin prices. Table 1 presents data on the correlation values of the selected cryptocurrencies to each other. Figure 2 is based on the data from Table 2, with the exception of altcoins’ correlation values. Based on the calculated average growth rates and average rates of decline of Litecoin, Table 2 presents statistical values of the relationship between Litecoin prices and Bitcoin prices. The diagram presented if Figure 3 is a visual representation of the data obtained from Table 2. Table 3 offers the end-result of the conducted analysis, which includes the values of the average positive and average negative indicators, the maximum and minimum indicators, and coefficient of averages indicators for the sampled cryptocurrencies. Figure 4 is a visualization of the end-result data.

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