The Idiosyncratic Behaviour of Bitcoin’s Price Across US$ Exchanges Around December 2017

11 Pages Posted: 6 May 2019

Date Written: April 5, 2019

Abstract

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

Johnson, Jackie, The Idiosyncratic Behaviour of Bitcoin’s Price Across US$ Exchanges Around December 2017 (April 5, 2019). Available at SSRN: https://ssrn.com/abstract=3366791 or http://dx.doi.org/10.2139/ssrn.3366791

Jackie Johnson (Contact Author)

Johnson Research, Perth ( email )

PO Box 440
Bullcreek, WA 6149
Australia

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