What drives volatility in Bitcoin market?
Dimitrios Bakas, Georgios Magkonis, Eun Young Oh · Finance research letters · 2022
This study aims to identify the main drivers of Bitcoin volatility. The empirical analysis is based on a dynamic Bayesian model averaging approach for twenty-two potential determinants. The results reveal that the most important factors for Bitcoin volatility are Google trends, total circulation of Bitcoins, US consumer confidence and the S&P500 index.