TY  - THES
KW  - Arbitrage Pricing Theory; Makroekonomi; Inflasi; Suku Bunga; Cryptocurrency

Arbitrage Pricing Theory; Macroeconomic; Inflation; Interest Rate; Cryptocurrency
PB  - Universitas Pendidikan Indonesia
A1  - Muflih Ammar, -
A1  - Maya Sari, -
A1  - Netti Siska Nurhayati, -
Y1  - 2025/08/14/
UR  - https://journal.fkpt.org/index.php/jtear/article/view/1973
AV  - restricted
M1  - other
N1  - https://scholar.google.com/citations?view_op=view_citation&hl=en&user=VdFGxJMAAAAJ&authuser=3&citation_for_view=VdFGxJMAAAAJ:u5HHmVD_uO8C

ID SINTA Dosen Pembimbing
Maya Sari: 5984857
Netti Siska Nurhayati: 5994146

Karya ini adalah tugas akhir setara dengan skripsi sesuai
dengan SK Dekan Fakultas Pendidikan Ekonomi dan Bisnis Nomor: T-11093/UN40.A7/PK.01.02/2025
TI  - PENGARUH FAKTOR-FAKTOR MAKROEKONOMI TERHADAP HARGA CRYPTOCURRENCY: Analisis Multi-Koin 2016-2024
N2  - This study analyzes the impact of inflation (Consumer Price Index/CPI) and interest rates (Federal Funds Rate) on the prices of five major cryptocurrencies?Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and Stellar (XLM)?over the period 2016?2024. Employing a quantitative approach, the study develops five separate multiple regression models, each representing one cryptocurrency as the dependent variable (Y). The results indicate that BTC, ETH, and DOGE are positively influenced by both inflation and interest rates. In contrast, XRP and XLM are only significantly and positively affected by inflation, while interest rates show no significant impact on their prices. The F-tests for each model confirm that inflation and interest rates simultaneously exert a significant effect on the prices of all five cryptocurrencies. These findings support the Arbitrage Pricing Theory (APT), which posits that asset valuation is determined by systematic risk factors, implying that even cryptocurrencies are not immune to the influence of inflation and interest rates.
ID  - repoupi138643
ER  -