Journals / OPUS Toplum Araştırmaları Dergisi / 2023 / Cilt: 20 Sayı: Human Behavior and Social Institutions

Blockchain and Market Dynamics: Correlation between Cryptocurrency Valuations and Market Interest Rates

Blok Zinciri, Kripto Para Muhasebesi ve Piyasa Dinamikleri: Kripto Para Değerlemeleri ve Piyasa Faiz Oranları Arasındaki Korelasyon

Pages
1100–1110
Publication Date
2023-10-30
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Key findings indicate a significant relationship between most cryptocurrencies, such as Dash, Litecoin, Ethereum, and Bitcoin, with market interest rates.

📌 3 Key Takeaways

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Objective & Hypothesis:In this study, the five most well-known cryptocurrencies in the blockchain-based decentralized financing structure were compared with the centralized market interest rates, and it was examined whether there is a significant relationship between the changes in market interest rates and the prices of cryptocurrencies.
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Key Findings & Data:Key findings indicate a significant relationship between most cryptocurrencies, such as Dash, Litecoin, Ethereum, and Bitcoin, with market interest rates.
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Conclusion & Impact:This study bridges the understanding between conventional economic mechanisms and the innovative world of cryptocurrencies, offering inferences that are important for investors, financial analysts, and accountants in the digital age.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Blok Zinciri · Piyasa Faiz Oranı · Finansal Muhasebe

Abstract

In this study, the five most well-known cryptocurrencies in the blockchain-based decentralized financing structure were compared with the centralized market interest rates, and it was examined whether there is a significant relationship between the changes in market interest rates and the prices of cryptocurrencies. Key findings indicate a significant relationship between most cryptocurrencies, such as Dash, Litecoin, Ethereum, and Bitcoin, with market interest rates. However, XRP emerges as an exception. In addition to the comparative analysis between cryptocurrencies and market interest rates, this study delves into the underlying mechanisms that govern these relationships. It explores the role of blockchain technology in shaping the decentralized financing structure and highlights the intricacies of various cryptographic algorithms. The research also emphasizes the need for specialized accounting practices that cater to the unique challenges posed by cryptocurrencies. This study bridges the understanding between conventional economic mechanisms and the innovative world of cryptocurrencies, offering inferences that are important for investors, financial analysts, and accountants in the digital age.

Özet

Bu çalışmada, blok zinciri tabanlı merkezi olmayan finansman yapısındaki en bilinen beş kripto para birimi, merkezi piyasa faiz oranları ile karşılaştırılmış ve piyasa faiz oranlarındaki değişimler ile kripto para birimlerinin fiyatları arasında anlamlı bir ilişki olup olmadığı incelenmiştir. Temel bulgular Dash, Litecoin, Ethereum ve Bitcoin gibi çoğu kripto para birimi ile piyasa faiz oranları arasında anlamlı bir ilişki olduğunu göstermektedir. Ancak XRP bir istisna olarak ortaya çıkmaktadır. Kripto para birimleri ve piyasa faiz oranları arasındaki karşılaştırmalı analize ek olarak, bu çalışma bu ilişkileri yöneten altta yatan mekanizmaları araştırmaktadır. Blok zinciri teknolojisinin merkezi olmayan finansman yapısını şekillendirmedeki rolünü araştırmakta ve çeşitli kriptografik algoritmaların inceliklerini vurgulamaktadır. Araştırma ayrıca kripto para birimlerinin yarattığı benzersiz zorlukları karşılayan özel muhasebe uygulamalarına duyulan ihtiyacı da vurgulamaktadır. Bu çalışma, geleneksel ekonomik mekanizmalar ile kripto paraların yenilikçi dünyası arasında bir köprü kurarak dijital çağda yatırımcılar, finansal analistler ve muhasebeciler için önemli çıkarımlar sunmaktadır.

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Cite This Article

KARADAĞ, S., ÇETİN, A. A. (2023). Blockchain and Market Dynamics: Correlation between Cryptocurrency Valuations and Market Interest Rates. OPUS Toplum Araştırmaları Dergisi, Cilt: 20 Sayı: Human Behavior and Social Institutions, 1100–1110. https://ajindex.com/articles/975368

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