The Idiosyncratic Behaviour of Bitcoin’s Price Across US$ Exchanges Around December 2017
11 Pages Posted: 6 May 2019
Date Written: April 5, 2019
Analysing the US$/Bitcoin market from 2014-2018 finds significant differences in exchange prices during Bitcoin’s meteoric price rise in December 2017, but surprisingly the range of prices each day is remarkedly similar across exchanges. The lack of a consistent Bitcoin trading price across exchanges points to an issue with using a single market price to gauge Bitcoin price behaviour and limits the possibility of any ‘set and forget’ trading strategy.
Keywords: Bitcoin, Bitcoin Exchanges, US Dollar Market, Cryptocurrency Markets
JEL Classification: G11, G15, F01, F65
Suggested Citation: Suggested Citation