Twitter Sentiment and Bitcoin Price Is there a connection?

被引：0
|
作者：
Baroiu, Alexandru-Costin [1 ]
Dobrita , Gabbriela [1 ]
机构：
[1] Bucharest Univ Econ Studies, Dept Econ Informat & Cybernet, Bucharest, Romania
来源：
2022 26TH INTERNATIONAL CONFERENCE ON SYSTEM THEORY, CONTROL AND COMPUTING (ICSTCC) | 2022年
关键词：
Machine Learning; Real Time Applications; Other Topics; SOCIAL MEDIA;
D O I：
10.1109/ICSTCC55426.2022.9931814
中图分类号：
TP [自动化技术、计算机技术];
学科分类号：
0812 ;
摘要：
Still in the inception of Web 3.0, the present study stands as an important incursion into the future of the Internet and displays how different technologies, Social Media and Cryptocurrencies, can influence each other and the world around them in these new, exciting, times. This paper seeks to find if there is a relationship between Twitter Sentiment and Bitcoin price. To this end, data is collected and preprocessed to construct a dataset consisting of two time series, one for Twitter Sentiment regarding Bitcoin and one for Bitcoin Price. The relationship between the two is studied through a Vector Autoregressive model. The results show that each exerts influence on the other. Twitter Sentiment is quicker to absorb the information, while Bitcoin Price takes longer to intake the most recent events. Future avenues of study are identified, with topic analysis of Bitcoin discourse being highlighted due to its potential to unlock new knowledge.
引用
收藏
页码：258 / 262
页数：5
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