Cagli, Efe Çaglar - In: Blockchain economics and financial market innovation : …, (pp. 167-190). 2019
This chapter examines the time-varying causal relationship between trading volume and returns in cryptocurrency markets … hypothesis of no causality, indicating bi-directional causality between trading volume and returns for Bitcoin and the altcoins … over time. The chapter may conclude that trading volume has predictive power on returns in cryptocurrency markets, implying …