<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462025000300005</article-id>
<article-id pub-id-type="doi">10.21919/remef.v20i3.1094</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Criptomonedas y su mercado mediante componentes principales]]></article-title>
<article-title xml:lang="en"><![CDATA[Cryptocurrencies and their market through Principal Components]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ruiz Dávila]]></surname>
<given-names><![CDATA[Bardo Dage]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Durán-Bustamante]]></surname>
<given-names><![CDATA[Mario]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[García Muñoz]]></surname>
<given-names><![CDATA[Gerardo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma Metropolitana  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Instituto Politécnico Nacional  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2025</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2025</year>
</pub-date>
<volume>20</volume>
<numero>3</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462025000300005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462025000300005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462025000300005&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Las criptomonedas son productos financieros que han llamado la atención de los inversores, independientemente de si son inversores cualificados o no. Lo anterior se deriva de la posibilidad de obtener grandes rendimientos, pero existe una extensa variedad de ellas, con diferencias en tecnología o propósito. Comprenderlas es un desafío ya que, aunque se denominan monedas, en su mayoría tienen características de activos financieros. Con su llegada modificaron la forma de realizar transacciones, el sistema de pagos, la política monetaria y las regulaciones necesarias para su funcionamiento.Esta investigación tiene como objetivo comprender el origen y comportamiento del mercado de criptomonedas utilizando la metodología de Componentes Principales. Esta metodología nos ayuda a identificar los factores más importantes que impulsan el mercado. En nuestro caso, se ha revelado que los tres primeros componentes principales explican la variación más significativa, representando el 94.95% de la variación del mercado. Dentro del primer componente se concentra el 79.00% de las variaciones del mercado, siendo Bitcoin, Ethereum y Lido Staked Ether los líderes. Estos hallazgos pueden utilizarse para comprender la dinámica del mercado de criptomonedas.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Cryptocurrencies are financial products that have caught the attention of investors, regardless of whether they are qualified or unqualified investors. The above is derived from the possibility of obtaining great returns, but there is an extensive variety of them, with differences in technology or purpose. Understanding them is a challenge since, although they are called currencies, they mostly have characteristics of financial assets. With their arrival, they modified the way of making transactions, the payment system, the monetary policy, and the regulations necessary for them to operate. This research aims to understand the origin and behavior of the cryptocurrency market using Principal Components. This methodology helps us identify the most important factors that drive the market. In our case, it has been revealed that the first three principal components explain the most significant variation, accounting for 94.95% of the market variance. Within the first component, 79.00% of the market variations are concentrated, with Bitcoin, Ethereum, and Lido Staked Ether being the leaders. These findings can be used to understand cryptocurrency market dynamics.]]></p></abstract>
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<kwd lng="es"><![CDATA[G14]]></kwd>
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<kwd lng="es"><![CDATA[criptomonedas]]></kwd>
<kwd lng="es"><![CDATA[criptoactivos]]></kwd>
<kwd lng="es"><![CDATA[Componentes Principales]]></kwd>
<kwd lng="es"><![CDATA[mercados financieros]]></kwd>
<kwd lng="en"><![CDATA[G10]]></kwd>
<kwd lng="en"><![CDATA[G14]]></kwd>
<kwd lng="en"><![CDATA[G15]]></kwd>
<kwd lng="en"><![CDATA[cryptocurrencies]]></kwd>
<kwd lng="en"><![CDATA[criptoassets]]></kwd>
<kwd lng="en"><![CDATA[Principal Components]]></kwd>
<kwd lng="en"><![CDATA[financial markets]]></kwd>
</kwd-group>
</article-meta>
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