Table 4 Variables’ description
Variable | Definition | Source |
|---|---|---|
BTC | Daily changes of Bitcoin price (BTC/USD – Bitcoin US Dollar) | Investing.com |
PI | The Coronavirus Panic Index – measures the level of news chatter that makes reference to panic or hysteria alongside the Coronavirus. Values range between 0 and 100 where a value of 7.00 indicates that 7 percent of all news globally is talking about panic related terms and COVID-19 | RavenPack |
HI | The Coronavirus Hype Index measures the percentage of news talking about the novel Coronavirus. Values range between 0 and 100 where a value of 75.00 indicates that 75 percent of all news globally is talking about COVID-19 | RavenPack |
FNI | The Coronavirus Fake News Index measures the level of media chatter about the novel virus that makes reference to misinformation or fake news alongside COVID-19. Values range between 0 and 100 where a value of 2.00 indicates that 2 percent of all news globally is talking about fake news and COVID-19 | RavenPack |
SI | The Coronavirus Sentiment Index measures the level of sentiment across all entities mentioned in the news alongside the Coronavirus. The index ranges between -100 and 100 where a value of 100 is the most positive sentiment, −100 is the most negative, and 0 is neutral | RavenPack |
II | The Coronavirus Infodemic Index calculates the percentage of all entities that are reported in the media alongside COVID-19. Values range between 0 and 100 where a value of 60.00 means that 60 percent of all entities covered by the media are being co-mentioned with COVID-19 | RavenPack |
MCI | The Coronavirus Media Coverage Index calculates the percentage of all news sources covering the topic of the novel Coronavirus. Values range between 0 and 100 where a value of 60.00 means that 60 percent of all sampled news providers are currently covering stories about COVID-19 | RavenPack |
CNC | Daily number of new reported COVID-19 cases worldwide (logarithmic values) | Our World in Data |
CND | Daily number of new reported COVID-19 deaths worldwide (logarithmic values) | Our World in Data |
VIX | Daily change of Chicago Board Options Exchange (CBOE) volatility index | Investing.com |