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• Overall, we have found 16 outliers during thesample period. We also document that these outliers are mainly present after the soa
• We examine the presence of outliers and time-varying jumps in the returns of four majorcryptocurrencies (Bitcoin, Ethereum, Ripple, Dogecoin, Litecoin), and a broad cryptocurrency index(CCI30)
• This is very relevantto cryptocurrencies that are highly subject to price slippage that might induce so-calledoutliers.
• The rest of the paper is structured in three sections. Section 2 describes the dataset andmethods used to detect outliers and model the time-varying jumps. Section 3 presents anddiscusses the empirical results. Section 4 conclude

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