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VOL. 8, ISSUE 3 (2026)
Emerging trends in cryptocurrency and global financial markets connectedness: A bibliometric and science mapping review
Authors
Siddhartha Sankar Saha, Abir Das
Abstract
This study presents a
bibliometric and science-mapping analysis of the growing body of research
examining cryptocurrency connectedness with other financial markets. The
analysis is based on 268 peer-reviewed articles indexed in the Scopus database,
retrieved using the search string “Cryptocurrency” AND “Connectedness” along
with relevant search restrictions and inclusion filters. The study combines
performance analysis with VOSviewer-based science-mapping techniques to
investigate publication growth, influential authors and sources, dominant
research themes, keyword networks, and the intellectual foundations of the
field. The findings indicate a substantial increase in research output since
2022, reflecting growing academic interest in the integration of cryptocurrency
markets with traditional and alternative financial assets. Elie Bouri emerges
as the most highly cited author, while the International Review of Financial
Analysis is identified as the most influential source. Keyword
co-occurrence analysis reveals a strong thematic concentration around
cryptocurrency, connectedness, Bitcoin, and COVID-19, whereas decentralised
finance (DeFi) and non-fungible tokens (NFTs) appear as relatively emerging
research themes. Co-citation analysis further demonstrates that the
intellectual foundation of the field is strongly anchored in the Diebold–Yilmaz
connectedness and spillover-index framework. Overall, the study provides a
structured overview of the evolution, intellectual structure, and thematic
development of research on cryptocurrency connectedness. The findings offer
useful insights for researchers, journal editors, and practitioners and highlight
DeFi, cross-market connectedness, financial contagion, and the integration of
crypto-assets with broader financial markets as promising avenues for future
research.
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Pages:80-90
How to cite this article:
Siddhartha Sankar Saha, Abir Das "Emerging trends in cryptocurrency and global financial markets connectedness: A bibliometric and science mapping review". International Journal of Finance and Commerce, Vol 8, Issue 3, 2026, Pages 80-90
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