Exploring the Dynamics of Bitcoin Volatility During the COVID-19 Pandemic and Vaccination Rollout

This study investigates the impact of the vaccination rollout on Bitcoin's volatility during the COVID-19 pandemic. The analysis covers multiple aspects, including the Vaccine Confidence Index (VCI), Stringency Index (SI), Google Trends, Global Economic Policy Uncertainty (GEPU), Financial Stress Index (FSI), Foreign Exchange (FOREX), CBOE Volatility Index (VIX), and Bitcoin Market Capitalization (BMC). The findings highlight the nuanced relationships between these factors and Bitcoin’s volatility, shedding light on the complex dynamics affecting the cryptocurrency market during these unprecedented times. The study contributes valuable insights for investors, policymakers, and researchers, facilitating the development of effective strategies for managing and mitigating cryptocurrency investment risks.