The bitcoin price crash at the beginning of 2018 was caused by various social factors. The influence of news wire stories and social media was especially crucial because of the combination of both credible and fake information being mixed and expanded on social media. We accumulate financial data including various stock and bitcoin prices and analyze the influence of the communication structure and textual data.
Reference
- Stock Embeddings Acquired from News Articles and Price History, and an Application to Portfolio Optimization. Xin Du, Kumiko Tanaka-Ishii. ACL, 2020 (Long Papers).