Blockchain Dynamic and Macroeconomic Impact on The Stock Market
This study sheds light on the achievements of digital financial technologies and blockchain technology in the stock market. This study aims to examine the relationship between blockchain technology and macroeconomic variables, as well as the impact these variables have on stock market performance. F...
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| Format: | Article |
| Language: | English |
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Institute of Economics under the Science Committee of Ministry of Education and Science RK
2024-07-01
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| Series: | Экономика: стратегия и практика |
| Subjects: | |
| Online Access: | https://esp.ieconom.kz/jour/article/view/1287 |
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| author | A. M. Benarous I. T. Medeni T. D. Medeni V. Ateş |
| author_facet | A. M. Benarous I. T. Medeni T. D. Medeni V. Ateş |
| author_sort | A. M. Benarous |
| collection | DOAJ |
| description | This study sheds light on the achievements of digital financial technologies and blockchain technology in the stock market. This study aims to examine the relationship between blockchain technology and macroeconomic variables, as well as the impact these variables have on stock market performance. For this, authors used the methodology of correlation and regression analysis, analyzing data on cryptocurrencies, the stock market and key paper exchange rates. The study confirms a significant correlation between blockchain dynamics, particularly cryptocurrency price fluctuations, and stock market performance, indicating that movements in digital asset classes such as Bitcoin and Ethereum have measurable impacts on traditional financial markets. Traditional economic indicators continue to play a crucial role in stock market behavior, with variables like inflation rates and GDP growth showing strong correlations with market performance. The results suggest a complex interplay between blockchain technology and macroeconomic indicators, emphasizing a growing interconnectedness between emerging digital financial products and economic measures. In addition, the findings are particularly relevant for investors, financial analysts, and policymakers, highlighting the need for a holistic market analysis approach that integrates both new technological advancements in blockchain and economic indicators. The study underscores the evolving influence of blockchain technology on traditional stock markets that encompass both new digital assets and economic frameworks. Moreover, further studies could explore the impact of blockchain technology on specific sectors within the stock market, such as technology, finance, and consumer goods. |
| format | Article |
| id | doaj-art-1bdb6f78e7e64dcf894160af36fbeaa3 |
| institution | DOAJ |
| issn | 1997-9967 2663-550X |
| language | English |
| publishDate | 2024-07-01 |
| publisher | Institute of Economics under the Science Committee of Ministry of Education and Science RK |
| record_format | Article |
| series | Экономика: стратегия и практика |
| spelling | doaj-art-1bdb6f78e7e64dcf894160af36fbeaa32025-08-20T02:53:44ZengInstitute of Economics under the Science Committee of Ministry of Education and Science RKЭкономика: стратегия и практика1997-99672663-550X2024-07-01192586910.51176/1997-9967-2024-2-58-69487Blockchain Dynamic and Macroeconomic Impact on The Stock MarketA. M. Benarous0I. T. Medeni1T. D. Medeni2V. Ateş3Ankara Yıldırım Beyazıt ÜniversitesiAnkara Yıldırım Beyazıt ÜniversitesiAnkara Yıldırım Beyazıt ÜniversitesiAnkara Yıldırım Beyazıt ÜniversitesiThis study sheds light on the achievements of digital financial technologies and blockchain technology in the stock market. This study aims to examine the relationship between blockchain technology and macroeconomic variables, as well as the impact these variables have on stock market performance. For this, authors used the methodology of correlation and regression analysis, analyzing data on cryptocurrencies, the stock market and key paper exchange rates. The study confirms a significant correlation between blockchain dynamics, particularly cryptocurrency price fluctuations, and stock market performance, indicating that movements in digital asset classes such as Bitcoin and Ethereum have measurable impacts on traditional financial markets. Traditional economic indicators continue to play a crucial role in stock market behavior, with variables like inflation rates and GDP growth showing strong correlations with market performance. The results suggest a complex interplay between blockchain technology and macroeconomic indicators, emphasizing a growing interconnectedness between emerging digital financial products and economic measures. In addition, the findings are particularly relevant for investors, financial analysts, and policymakers, highlighting the need for a holistic market analysis approach that integrates both new technological advancements in blockchain and economic indicators. The study underscores the evolving influence of blockchain technology on traditional stock markets that encompass both new digital assets and economic frameworks. Moreover, further studies could explore the impact of blockchain technology on specific sectors within the stock market, such as technology, finance, and consumer goods.https://esp.ieconom.kz/jour/article/view/1287blockchain dynamicscryptocurrencymacroeconomic indicatorsstock market performancefinancial analysis |
| spellingShingle | A. M. Benarous I. T. Medeni T. D. Medeni V. Ateş Blockchain Dynamic and Macroeconomic Impact on The Stock Market Экономика: стратегия и практика blockchain dynamics cryptocurrency macroeconomic indicators stock market performance financial analysis |
| title | Blockchain Dynamic and Macroeconomic Impact on The Stock Market |
| title_full | Blockchain Dynamic and Macroeconomic Impact on The Stock Market |
| title_fullStr | Blockchain Dynamic and Macroeconomic Impact on The Stock Market |
| title_full_unstemmed | Blockchain Dynamic and Macroeconomic Impact on The Stock Market |
| title_short | Blockchain Dynamic and Macroeconomic Impact on The Stock Market |
| title_sort | blockchain dynamic and macroeconomic impact on the stock market |
| topic | blockchain dynamics cryptocurrency macroeconomic indicators stock market performance financial analysis |
| url | https://esp.ieconom.kz/jour/article/view/1287 |
| work_keys_str_mv | AT ambenarous blockchaindynamicandmacroeconomicimpactonthestockmarket AT itmedeni blockchaindynamicandmacroeconomicimpactonthestockmarket AT tdmedeni blockchaindynamicandmacroeconomicimpactonthestockmarket AT vates blockchaindynamicandmacroeconomicimpactonthestockmarket |