Financial Innovation

Table 4 Correlation matrix

From: Cue the volatility spillover in the cryptocurrency markets during the COVID-19 pandemic: evidence from DCC-GARCH and wavelet analysis

	BTC	ETH	XLM	XRP	USDT	ADA	LTC	EOS
BTC	1.000
ETH	0.972	1.000
XLM	0.926	0.943	1.000
XRP	0.471	0.476	0.582	1.000
USDT	− 0.091	− 0.036	− 0.032	− 0.026	1.000
ADA	0.911	0.958	0.946	0.441	− 0.020	1.000
LTC	0.948	0.905	0.869	0.468	− 0.110	0.824	1.000
EOS	0.026	0.021	0.077	0.287	− 0.081	0.007	0.271	1.000

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