Abstract
In the global economy, money and assets are essential. Currency market fluctuations significantly impact the global economy, gaining increasing attention worldwide. This study focused on the US dollar as a key currency, gold as a safe asset, and bitcoin as a virtual currency, which all have great value in money and assets. This study aims to model flow fluctuations among the US Dollar, gold, and bitcoin. The research objective is to analyze the interaction effects of the US Dollar, gold, and bitcoin through the volatility modeling. This study utilized two-way ANOVA to analyze the trend of market fluctuations in the US dollars, gold, and bitcoin and whether the fluctuations in their market price affect their interaction with each other using a research model for flow fluctuations. The study examined the market price fluctuation rate of the US dollar, gold, and bitcoin by setting dependent and independent variables for the interaction analysis. The between-subjects test effects revealed that in all three cases, the main effect and the interaction effect of the two variables appear. The points appear irregularly in the profile plots in all three cases, indicating a significant interactive effect. The study’s findings show that the market price fluctuation rates of the US dollar, gold, and bitcoin interact and influence each other, implying the need for further studies on flow fluctuations analysis of the US dollar, gold, and bitcoin to this underexplored concept in global economy trend research.
Keywords: Bitcoin, Flow Fluctuations, Global Economy, Gold, Research Model, US Dollar.