4.2.1. Data Description

Daily BTC/USD transactions occurring on the Bitfinex exchange, obtained via provided API at bitfinex.com (accessed on 2 October 2019) from 11 October 2016, to 12 June 2017, including 22 independent variables, have been examined. Dependent variables can be categorized into three groups; Macroeconomic indicators, obtained at fred.stlouisfed.org, and microeconomic and technical indicators extracted from bitfinex.com. Table 4 shows the specification for each group. Some descriptive statistics, including minimum, maximum, mean, and standard deviation, have been calculated and shown in Table A4 in the Appendix A.2 to describe or summarize the data.
