Bridging Markets: Exploring Short-Term Trends in Cryptocurrencies and Green Finance

Rui Dias – Polytechnic Institute of Setúbal (ESCE/IPS), 2910-761 Setúbal, Portugal

Mariana Chambino – Polytechnic Institute of Setúbal (ESCE/IPS), 2910-761 Setúbal, Portugal

Paulo Alexandre – Polytechnic Institute of Setúbal (ESCE/IPS), 2910-761 Setúbal, Portugal

Rosa Galvão – Polytechnic Institute of Setúbal (ESCE/IPS), 2910-761 Setúbal, Portugal

Abstract: This study examined the short-term dynamics between Bitcoin, Ethereum, Litecoin, Clean Energy Fuels, and WilderHill Clean Energy over the period from January 1, 2020, to May 30, 2023. Bitcoin saw substantial price fluctuations over 10 days, highlighting its inherent volatility and rapid shifts in value. In contrast, Ethereum and Litecoin showed more gradual fluctuations. The price movements of digital currencies exhibited a mix of positive and neg­ative trends when compared to the Clean Energy Fuels and WilderHill indexes, suggesting a correlation with energy-related assets. Clean Energy Fuels had significant positive trends, hence emphasizing the inherent instability with­in the clean energy industry. The WilderHill Clean Energy index demonstrat­ed moderate positive associations with Bitcoin and Clean Energy Fuels, while exhibiting dynamic variations with Litecoin. These findings offer valuable in­sights for investors seeking to build sustainable portfolios, offering guidance on how to adjust their strategies in the face of economic challenges.

LIMEN Conference

9th International Scientific-Business Conference – LIMEN 2023 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Hybrid (Graz University of Technology, Graz, Austria), December 7, 2023

LIMEN Conference Proceedings published by the Association of Economists and Managers of the Balkans, Belgrade, Serbia

LIMEN Conference 2023 Conference Proceedings: ISBN 978-86-80194-78-3, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.2023

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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