The Relationship of Cryptocurrencies and the Stock Market

Boyu Shi

doi:10.54254/2754-1169/26/20230549

Research Article

Open access

Published on 13 September 2023

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Shi,B. (2023).The Relationship of Cryptocurrencies and the Stock Market.Advances in Economics, Management and Political Sciences,26,80-85.

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The Relationship of Cryptocurrencies and the Stock Market

Boyu Shi *^,1,

¹ Hebei university of science and technology

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/26/20230549

Abstract

In today's world, with the internet and finance closely integrated, the global-ization of cryptocurrency has deepened, prompting people to pay more atten-tion to the impact of cryptocurrency on the entire financial market. This pa-per provides a comprehensive review of relevant literature from five aspects: the development of cryptocurrency, price changes, the impact of cryptocur-rency on the stock market, the impact of cryptocurrency on the banking in-dustry, and the currency and commodity characteristics of cryptocurrency. The author also compares the price curves (in USD) of the S&P 500, ETH, and BTC from March 21, 2022, to March 21, 2023, and hopes to gain in-sights into the relationship between stocks and cryptocurrencies. Our re-search shows that the emergence of cryptocurrency has had a significant im-pact on the financial market, particularly in the banking industry. Although the emergence of cryptocurrency has added vitality to the financial market and increased investment options, the instability of cryptocurrency has also brought risks to investors. As the cryptocurrency market continues to ex-pand, policymakers and investors need to understand its potential impact on traditional financial instruments and the broader economy.

Keywords

ETH, BTC, cryptocurrency

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Cite this article

Shi,B. (2023).The Relationship of Cryptocurrencies and the Stock Market.Advances in Economics, Management and Political Sciences,26,80-85.

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About volume

Volume title: Proceedings of the 2023 International Conference on Management Research and Economic Development

Conference website: https://2023.icmred.org/

ISBN：978-1-915371-95-9(Print) / 978-1-915371-96-6(Online)

Conference date: 28 April 2023

Editor：Javier Cifuentes-Faura, Canh Thien Dang

Series: Advances in Economics, Management and Political Sciences

Volume number: Vol.26

ISSN：2754-1169(Print) / 2754-1177(Online)

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