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Table 1 Descriptive statistics

From: On the role of stablecoins in cryptoasset pricing dynamics

 

Cryptoassets

Bitcoin

Altcoins

Stablecoins

USDT

Mean

0.0020

0.0019

0.0025

0.0048

0.0054

SD

0.0392

0.0390

0.0506

0.0416

0.0427

SD/mean

19.1275

20.0483

20.1057

8.7357

7.9474

Minimum

− 0.4759

− 0.4646

− 0.5079

− 0.3469

− 0.1102

Maximum

0.1765

0.2252

0.3206

0.6842

0.7453

Skewness

− 1.3226

− 0.9595

− 0.5057

7.7569

10.5810

Excess kurtosis

14.8840

14.2680

9.1247

104.9000

136.1300

\(q_{0.05}\)

− 0.0606

− 0.0619

− 0.0754

− 0.0157

− 0.0079

\(q_{0.95}\)

0.0621

0.0610

0.0835

0.0238

0.0191

  1. The statistics are presented for the logarithmic differences of market capitalizations. Cryptoassets represent the total market capitalization of the highly capitalized cryptocurrencies and tokens (listed in the text), not including the stablecoins. Stablecoins represent the total market capitalization of the 23 stablecoins listed in the text