Table 2 Volatility spillover index Bitcoin markets and foreign exchange pairs denominated in major trading currencies

63.508

0.003

14.031

8.245

11.378

1.902

0.110

0.070

0.039

0.014

0.018

0.137

98.407

0.063

0.056

0.060

0.011

0.110

0.082

0.040

0.042

0.178

15.207

0.009

63.980

7.038

10.278

1.657

0.025

0.067

0.001

0.191

0.339

7.158

0.006

5.061

41.111

38.873

5.999

0.112

0.088

0.160

0.046

0.034

9.098

0.007

9.089

36.696

38.546

5.733

0.092

0.091

0.051

0.020

0.012

3.161

0.002

3.088

10.549

10.678

71.565

0.018

0.023

0.075

0.167

0.065

0.063

0.058

0.010

0.065

0.054

0.016

39.846

6.947

10.750

6.787

3.215

0.039

0.122

0.089

0.069

0.063

0.008

6.150

35.454

1.137

2.424

0.245

0.021

0.051

0.009

0.171

0.073

0.025

8.535

1.124

33.555

5.108

4.071

0.026

0.049

0.207

0.040

0.009

0.020

5.363

2.340

5.507

31.928

13.155

0.038

0.162

0.190

0.022

0.005

0.004

2.118

0.140

3.798

12.324

30.829

0.068

0.007

0.030

0.003

0.001

0.007

7.628

7.833

5.171

1.370

1.702

0.017

0.034

0.027

0.049

0.024

0.006

4.333

2.684

8.280

0.062

0.346

0.011

0.006

0.167

0.139

0.027

0.026

4.353

0.930

0.117

8.716

3.699

0.012

0.087

0.134

0.104

0.041

0.008

6.672

3.214

0.480

0.581

8.789

0.048

0.094

0.040

0.012

0.007

0.003

0.310

8.135

12.541

0.532

1.316

0.030

0.002

0.152

0.062

0.014

0.017

0.188

6.885

1.483

10.183

5.644

0.031

0.041

0.154

0.040

0.019

0.009

0.271

10.649

0.650

1.618

9.815

0.033

0.088

0.139

0.279

0.066

0.044

0.110

0.139

7.577

8.772

2.114

0.041

0.215

0.091

0.183

0.041

0.014

1.429

0.513

9.811

0.766

7.681

0.030

0.030

0.028

0.012

0.021

0.024

1.342

1.489

0.209

7.753

2.488

35.269

1.073

32.799

63.833

71.732

15.533

49.270

53.442

67.879

67.477

64.926

98.777

99.481

96.779

104.944

110.278

87.098

89.116

88.896

101.434

99.405

95.755

0.124

0.031

0.110

0.028

0.135

0.073

0.056

0.017

0.039

0.068

36.492

0.038

0.025

0.017

0.202

0.095

0.004

0.108

0.086

0.198

0.041

1.593

0.027

0.013

0.109

0.221

0.044

0.136

0.248

0.125

0.254

0.030

36.020

0.014

0.066

0.339

0.194

0.041

0.129

0.085

0.277

0.198

0.009

58.889

0.008

0.042

0.169

0.088

0.037

0.075

0.053

0.049

0.037

0.008

61.454

0.026

0.034

0.203

0.060

0.017

0.093

0.022

0.096

0.037

0.024

28.435

8.971

5.071

5.545

9.234

0.487

0.285

0.242

0.074

1.385

0.896

60.155

7.785

2.939

1.205

3.927

11.715

9.636

15.280

0.274

0.525

0.914

64.546

4.425

6.829

0.216

0.545

14.473

1.595

0.816

8.147

9.896

0.317

66.445

1.255

0.001

9.208

0.686

0.669

12.842

2.213

9.226

0.819

4.439

68.072

1.381

0.594

4.065

10.787

1.589

6.895

13.092

2.178

8.289

1.499

69.171

34.109

0.891

2.401

1.769

15.403

11.013

9.352

0.670

0.536

0.037

65.891

0.884

39.476

5.917

7.229

13.184

1.247

3.062

7.618

4.379

1.140

60.524

2.252

5.339

30.027

13.678

0.133

10.717

4.376

10.219

3.714

1.355

69.973

1.497

6.107

12.674

27.528

0.504

3.564

12.311

1.858

10.658

3.176

72.472

11.068

9.457

0.110

0.403

26.872

8.088

9.293

6.646

4.618

0.406

73.128

7.866

1.260

9.206

3.322

8.371

25.128

13.887

4.264

1.131

0.904

74.873

6.117

2.573

3.722

11.033

8.874

13.029

23.731

0.434

4.881

2.310

76.269

0.587

5.355

10.599

2.112

7.229

5.292

0.528

31.527

14.084

3.325

68.473

0.569

2.655

4.203

12.350

4.878

1.459

6.310

13.998

30.912

1.881

69.088

0.068

1.949

2.289

6.851

0.568

2.160

5.118

6.008

3.576

57.988

42.012

54.962

51.228

72.309

84.718

88.445

88.332

96.451

72.264

69.252

22.779

1223.970

89.071

90.704

102.336

112.246

115.317

113.460

120.183

103.791

100.164

80.767

58.3%