Investors’ mood and herd investing: A quantile-on-quantile regression explanation from crypto market

•Use of over 380 cryptocurrencies in analyzing investors’ mood impact on herding.•Evidence for mood-as-information hypothesis in the crypto market.•Herd investing behavior is asymmetric and regime specific in crypto market.•Presence of (weaker)higher (anti)herding tendency towards sad(happy) quantiles of investors’ mood.