Oil Price Fluctuation and CryptocurrenciesReturn Conceptual Framework

Abstract

The purpose of the current paper is to propose new conceptual framework of oil price fluctuation on cryptocurrencies, the study analyze previous literature to evaluate the impact of energy prices and Cryptocurrencies return. The study suggest that analysis should extract the spam to conclude the period before, during and after corona pandemic. While suggestion to conduct weekly analysis to provide highly query and reliability of results. According to huge number of cryptocurrencies exploded onto the scene and has grown at an ever-increasing rate, the study propose to adopt only highest four crypto capital in 2023.Analyzes the daily returns of highly capital cryptocurrencies which are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), and their correlations with crude oil (COR), Brent crude (BCR), and natural gas (N GR). The data is analyzed using cointegration tests, ARDL methodology, bounds test, and E-views software to check the relationships between independent and dependent variables. The study aims to identify evidence of a long-term relationship between the variables and estimate the relationship in the short and long term.