USD vs BRIS

To study if economic and political shocks in BRIC countries affect the crypto market, similar to Umar et al., 2021 we use monthly data1 from January 1, 2016 to April 30, 2023 on Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Ripple (XRP), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE) prices, for five geopolitical risk indexes (GPR-Global, GPR-Brazil, GPR-Russia, GPR-India, and GPR-China) and five economic policy uncertainty indexes (EPU-Global, EPU-Brazil, EPU-Russia, EPU-India, and EPU-China).

The geopolitical risk indexes used in this study are based on the work of Caldara and Iacoviello (2022). To develop the GPR index, Caldara and Iacoviello (2022) searched for terms related to countries that address war threats, peace threats, military build-ups, nuclear threats, terror threats, beginning of war, escalation of war, terror acts, in ten world leading journals: Chicago Tribune, the Daily Telegraph, Financial Times, The Globe and Mail, The Guardian, Los Angeles Times, The New York Times, USA Today, The Wall Street Journal, and The Washington Post. The index is created by counting the frequency of newspaper articles that meet these requirements.#PriceAllCoin🚀💥🔥 #CryptoNewss #usdoller #BRICSCryptoRevolution $BTC