Impact of Musk’s Remarks on Volatility of Cryptocurrencies
Description
Daily observations from January 1, 2018, to December 31, 2022. 1. Price of Dogecoin 2. Financial Times Stock Exchange-100 Index (FTSE) 3. Treasury Yield 10-Year (TNX) 4. Gold Price (GOLD) 5. US Dollar-Euro Exchange Rate (USDEUR) 6. US Dollar-Great Britain Pound Exchange Rate (USDGBP) 7. Two dummy variables are included for Musk’s favorable and unfavorable tweets during COVID-19 period between March 1, 2020, to June 30, 2021. A total of 1226 observations with no missing data points. Gold_Price = Gold Price FTSE-100_Price = Financial Times Stock Exchange-100 Index BTC_Price = Price of Bitcoin Doge_Price = Price of Dogecoin EURUSDX = US Dollar-Euro Exchange Rate GBPUSDX = US Dollar- Great Britain Pound Exchange Rate Treasury Yields 10 Years = Treasury Yield 10-year BTC_F = Dummy Variable for Musk Tweet in Favor of Bitcoin BTC_U = Dummy Variable for Musk Tweet not in favor of Bitcoin DOG_F = Dummy Variable for Musk Tweet in Favor of Dogecoin DOG_U = Dummy Variable for Musk Tweet not in favor of Dogecoin COVID = Dummy Variable for COVID-19 1/03/2020 to 30/06/2021 Source: https://finance.yahoo.com ; https://x.com/elonmusk
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Source: https://finance.yahoo.com ; https://x.com/elonmusk