Crypto money applications in financial markets and factors affecting crypto money prices

Abstract

This thesis looks at the most prominent cryptocurrencies with the biggest market value in the cryptocurrency money market, assessing how they interact with Gold and Brent Petroleum, the values that arise from their interactions, and their impacts and reactions based on the data. It tries to expand the corpus of knowledge with new research. The material supplied is factual and certified, and the statistics utilized in the context of this thesis were collected from the official websites of cryptocurrencies as well as websites that offer statistical data on daily closing values. The usefulness of cryptocurrencies in connection to gold and Brent oil was examined in this study, and the idea that there was a dynamic link between the two was put to the test. The three most well-known cryptocurrencies in the world—Bitcoin, Ethereum, and Ripple—are covered in the research. The literature review in the third chapter provides an overview of studies on cryptocurrencies up to that point. In the last section, specific conclusions were drawn based on the findings and the results were attempted to be interpreted. At the same time, the empirical findings acquired as a consequence of the econometric analyses done in the previous section are examined.