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Table 1 Descriptive statistics Bitcoin markets and foreign exchange pairs denominated in six major trading currencies

From: Portfolio diversification benefits of alternative currency investment in Bitcoin and foreign exchange markets

  Mean Std. Dev Skewness Kurtosis Jarque–Bera ADF
USD:BTC − 0.03801 0.30577 − 0.50932 9.06559 2469.92 − 20.67
EUR:BTC 0.91871 26.57034 27.93238 781.32210 39,756,500.00 − 10.20
JPY:BTC − 0.04743 1.15170 − 7.40495 162.75280 1,680,626.00 − 26.68
BPS:BTC − 0.01237 0.74058 10.96821 274.24240 4,835,088.00 − 39.98
AUD:BTC − 0.01023 0.71204 5.98157 136.75740 1,177,480.00 − 38.99
CAD:BTC 0.03305 1.65115 29.65057 1052.49300 72,144,113.00 − 39.26
EUR:USD 0.00010 0.00079 0.48425 4.98712 319.06 − 31.44
JPY:USD − 0.00235 0.02934 0.01502 6.78541 935.65 − 20.15
BPS:USD 0.00016 0.00235 3.42643 43.34675 109,351.90 − 20.89
AUD:USD − 0.00005 0.00193 − 0.04822 3.75849 38.17 − 21.90
CAD:USD − 0.00003 0.00147 0.23751 4.31304 127.30 − 21.18
JPY:EUR − 0.00120 0.03131 0.16034 5.75508 502.31 − 30.60
BPS:EUR 0.00010 0.00147 2.01611 20.45046 20,944.09 − 25.71
AUD:EUR 0.00000 0.00272 − 0.26640 4.49751 164.95 − 22.37
CAD:EUR 0.00001 0.00260 0.22323 5.19260 326.90 − 20.40
BPS:JPY − 0.00072 0.04261 2.20108 26.98316 38,820.52 − 20.65
AUD:JPY − 0.00189 0.03514 0.13301 4.04153 75.45 − 21.42
CAD:JPY − 0.00158 0.03525 − 0.05623 4.44807 137.74 − 19.73
AUD:BPS − 0.00006 0.00448 1.09993 12.43578 6129.15 − 27.75
CAD:BPS − 0.00003 0.00406 0.66892 9.60634 2966.43 − 27.35
CAD:AUD 0.00006 0.00020 0.87474 7.65017 1611.71 − 21.24
  1. Statistics rounded to two decimal places. All statistics are significant at 1% level of significance