Behavioral Finance and Cryptocurrency Market

Abstract

With the unprecedented growth of technological development and digitalization across the globe, cryptocurrency has emerged to attract investors. It all started in the year 2013 when there were large fluctuations in the financial market. The novelty of this emerging asset class has led researchers to devise anomalous trade patterns and behavioral fallacies in the crypto market. This chapter will help researchers, academicians, and investors in understanding the importance of cognitive and emotional biases in the cryptocurrency market concerning investment decision-making. Moreover, the reader will be able to gain an understanding of the existing market and the challenges of cryptocurrency and financial technologies.