Araştırma Makalesi

The Impact of Middle East Conflict on Crypto-Market Study Case Palestine-Israel War and Bitcoin

Cilt: 6 Sayı: 3 30 Eylül 2024
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The Impact of Middle East Conflict on Crypto-Market Study Case Palestine-Israel War and Bitcoin

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The objective of this research is to determine the impact of geopolitical developments on Bitcoin's value. It focuses on the events that occurred from October 7, 2023 including the attack on Israel by the militant group Hamas, the tension between Iran and Israel, and the conflict between Palestine and the US. Through a comprehensive event study, we can analyze the returns generated by these events. The results of the study Srevealed that Bitcoin performed well during the adjustment and anticipation periods, which showed that it could be a safe-haven asset. On the other hand, the negative AAR during the event day reflected the market's first reaction. The study also highlighted Bitcoin's dual nature as a speculative asset and a safe-haven asset providing investors with a deeper understanding of the risks that affect the cryptocurrency market.

Anahtar Kelimeler

Kaynakça

  1. Abbassi, W., Kumari, V., & Pandey, D. K. (2022). What makes firms vulnerable to the Russia–Ukraine Crisis?. The Journal of Risk Finance, 24(1), 24-39.
  2. Alexakis, C., Anselmi, G., & Petrella, G. (2024). Flight to cryptos: Evidence on the use of cryptocurrencies in times of geopolitical tensions. International Review of Economics & Finance, 89, 498-523.
  3. Almaqableh, L., Reddy, K., Pereira, V., Ramiah, V., Wallace, D., & Veron, J. F. (2022). An investigative study of links between terrorist attacks and cryptocurrency markets. Journal of Business Research, 147, 177-188.
  4. Appiah-Otoo, I. (2023). The Impact of the Russia-Ukraine war on the cryptocurrency market. Asian Economics Letters, 4(1), 1-5.
  5. Arouri, M., Ayed, S., Barguellil, A., & Gomes, M. (2023). War and cryptocurrency markets: An empirical investigation. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4659220, 01.06.2024.
  6. Aslanidis, N., Bariviera, A. F., & López, Ó. G. (2022). The link between cryptocurrencies and google trends attention. Finance Research Letters, 47, 102654.
  7. Banday, U.J., Murugan, S., & Maryam, J. (2021). Foreign direct investment, trade openness and economic growth in BRICS countries: Evidence from panel data. Transnational Corporations Review, 13 (2), 211–221.
  8. Baur, D. G., & Lucey, B. M. (2010). Is gold a hedge or a safe haven? An analysis of stocks, bonds and gold. Financial review, 45(2), 217-229.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Uluslararası Finans

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

30 Eylül 2024

Gönderilme Tarihi

27 Temmuz 2024

Kabul Tarihi

28 Eylül 2024

Yayımlandığı Sayı

Yıl 2024 Cilt: 6 Sayı: 3

Kaynak Göster

APA
Ebaba, M., & Koy, A. (2024). The Impact of Middle East Conflict on Crypto-Market Study Case Palestine-Israel War and Bitcoin. International Journal of Business and Economic Studies, 6(3), 185-196. https://doi.org/10.54821/uiecd.1523435
AMA
1.Ebaba M, Koy A. The Impact of Middle East Conflict on Crypto-Market Study Case Palestine-Israel War and Bitcoin. BES JOURNAL. 2024;6(3):185-196. doi:10.54821/uiecd.1523435
Chicago
Ebaba, Maryem, ve Ayben Koy. 2024. “The Impact of Middle East Conflict on Crypto-Market Study Case Palestine-Israel War and Bitcoin”. International Journal of Business and Economic Studies 6 (3): 185-96. https://doi.org/10.54821/uiecd.1523435.
EndNote
Ebaba M, Koy A (01 Eylül 2024) The Impact of Middle East Conflict on Crypto-Market Study Case Palestine-Israel War and Bitcoin. International Journal of Business and Economic Studies 6 3 185–196.
IEEE
[1]M. Ebaba ve A. Koy, “The Impact of Middle East Conflict on Crypto-Market Study Case Palestine-Israel War and Bitcoin”, BES JOURNAL, c. 6, sy 3, ss. 185–196, Eyl. 2024, doi: 10.54821/uiecd.1523435.
ISNAD
Ebaba, Maryem - Koy, Ayben. “The Impact of Middle East Conflict on Crypto-Market Study Case Palestine-Israel War and Bitcoin”. International Journal of Business and Economic Studies 6/3 (01 Eylül 2024): 185-196. https://doi.org/10.54821/uiecd.1523435.
JAMA
1.Ebaba M, Koy A. The Impact of Middle East Conflict on Crypto-Market Study Case Palestine-Israel War and Bitcoin. BES JOURNAL. 2024;6:185–196.
MLA
Ebaba, Maryem, ve Ayben Koy. “The Impact of Middle East Conflict on Crypto-Market Study Case Palestine-Israel War and Bitcoin”. International Journal of Business and Economic Studies, c. 6, sy 3, Eylül 2024, ss. 185-96, doi:10.54821/uiecd.1523435.
Vancouver
1.Maryem Ebaba, Ayben Koy. The Impact of Middle East Conflict on Crypto-Market Study Case Palestine-Israel War and Bitcoin. BES JOURNAL. 01 Eylül 2024;6(3):185-96. doi:10.54821/uiecd.1523435

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