This paper studies the dynamic network connectedness between cryptocurrency returns and
sentiments using the novel cryptocurrency-specific MarketPsych sentiment data for 13
cryptocurrencies with the highest market capitalization. The results indicate the dominance
of cryptocurrencies with higher market capitalization and information transmission from
cryptocurrency returns to sentiments. Our results also show that Bitcoin is losing its
dominance to alt-coins in return spillovers while still dominant in sentiment spillovers.