Abstract
This paper investigates the impact of the January 6 United States Capitol attack on financial markets. Minute-by-minute prices of Bitcoin, the Dow Jones Industrial Average Index, S&P 500 and the Nasdaq 100 index are used. Following the traditional event study approach, we document that the cumulative abnormal returns of Bitcoin drop after the attack while market indices rise following the event. These findings indicate that the Bitcoin market is marginally more efficient, but not statistically significant, after the attack than the financial markets.
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