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International Journal of Creative and Open Research in Engineering and Management

A Peer-Reviewed, Open-Access International Journal Supporting Multidisciplinary Research, Digital Publishing Standards, DOI Registration, and Academic Indexing.
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ISSN: 3108-1754 (Online)
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Volume 02, Issue 7

Published on: July 2026

DO BLOCKCHAIN ACTIVITY, INVESTOR ATTENTION AND FINANCIAL MARKET CONDITIONS DRIVE BITCOIN PRICES? EVIDENCE FROM WEEKLY DATA (2017–2024)

Sayeeda Kauser

Shaukat Haseen

Department of Economics, A.M.U., Aligarh
DOI:https://doi.org/10.55041/ijcope.v2i7.136

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Abstract

With the rising attention, investment, and demand for cryptocurrencies, Bitcoin has become a focal point of discussion in both financial and academic circles. The price of Bitcoin is a crucial aspect for individual investors as well as major financial institutions. To address the growing need for insights into this digital asset, this paper examines the factors that influence Bitcoin price formation. Using various analytical methods, including the Autoregressive Distributed Lag (ARDL) model, this study builds on existing research by incorporating a broader dataset and applying time-series analysis to weekly data from March 8, 2017, to December 31, 2024. Among the 15 variables analyzed, results indicate that 6 independent factors—Overall account of verified transactions, Bitcoin cost per transaction, Bitcoin transaction rate per second, the Dow Jones Industrial Average Index, the exchange rate between the US dollar and Euro, and the number of Bitcoin-related searches on Wikipedia—along with lagged values of the Bitcoin market price, were statistically significant.

Keywords: Bitcoin, Cryptocurrency, ARDL.

How to Cite this Paper

Kauser, S. (2026). Do Blockchain Activity, Investor Attention and Financial Market Conditions Drive Bitcoin Prices? Evidence From Weekly Data (2017–2024). International Journal of Creative and Open Research in Engineering and Management, <i>02</i>(7), 1-9. https://doi.org/10.55041/ijcope.v2i7.136

Kauser, Sayeeda. "Do Blockchain Activity, Investor Attention and Financial Market Conditions Drive Bitcoin Prices? Evidence From Weekly Data (2017–2024)." International Journal of Creative and Open Research in Engineering and Management, vol. 02, no. 7, 2026, pp. 1-9. doi:https://doi.org/10.55041/ijcope.v2i7.136.

Kauser, Sayeeda. "Do Blockchain Activity, Investor Attention and Financial Market Conditions Drive Bitcoin Prices? Evidence From Weekly Data (2017–2024)." International Journal of Creative and Open Research in Engineering and Management 02, no. 7 (2026): 1-9. https://doi.org/https://doi.org/10.55041/ijcope.v2i7.136.

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  • •Published on: Jul 13 2026
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