RT Journal Article SR Electronic T1 Outlier Events in Major Cryptocurrency Markets: Is There Evidence of Overreaction? JF The Journal of Wealth Management FD Institutional Investor Journals SP 142 OP 148 DO 10.3905/jwm.2021.1.155 VO 24 IS 4 A1 Mark Schaub YR 2022 UL https://pm-research.com/content/24/4/142.abstract AB The three largest cryptocurrencies by market value are examined for overreaction to positive and negative outlier return events. Bitcoin and Ethereum show significant reversals in value following outlier negative events suggesting overreaction. For positive events, significant cumulative gains (not reversals) followed outlier positive events for Ethereum and Tether showed a significant reversal in value after the positive events. Evidence is, therefore, mixed among the three main cryptocurrencies when it comes to how revaluations occur after outlier positive events.