Working paper · 2026

When markets never sleep: Intraday liquidity patterns and macroeconomic announcement effects in cryptocurrency trading

Mercik, A.R., Będowska-Sójka, B.

SSRN Working Paper

DOI: 10.2139/ssrn.7434697

Full text: see the publisher version via DOI.

Preprint: https://doi.org/10.2139/ssrn.7434697

Research topics: Cryptocurrency markets · Market liquidity and its measurement · Volatility, high-frequency data and macroeconomic news

Presented at

When Markets Never Sleep: Intraday Liquidity Patterns and Volatility Effects in Cryptocurrency Trading

IX Wrocław Conference in Finance (WROFIN), Wrocław, Poland, May 2026

With Aleksander Mercik

When Markets Never Sleep: Intraday Liquidity Patterns and Volatility Effects in Cryptocurrency Trading

2nd Modern Finance Conference (MFC 2025), Warsaw, Poland, September 2025

With Aleksander Mercik

Cite

@techreport{wp2026_neversleep,
  title = {When markets never sleep: Intraday liquidity patterns and macroeconomic announcement effects in cryptocurrency trading},
  author = {Mercik, A.R. and Będowska-Sójka, B.},
  year = {2026},
  institution = {SSRN Working Paper},
  doi = {10.2139/ssrn.7434697}
}