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Table 7 Granger causality on market capitalizations for year 2017

From: On the role of stablecoins in cryptoasset pricing dynamics

Hypothesis (\(H_0\))

Short-term

Long-term

(df = 340)

(df = [3, 1355])

t-stat

p value

F-stat

p value

Bitcoin does not G-cause stablecoins

− 0.0642

0.2753

2.7373

0.0434

Altcoins do not G-cause stablecoins

0.0240

0.6907

1.4331

0.2328

Stablecoins do not G-cause Bitcoin

− 0.1694

0.0006

3.6654

0.0126

Altcoins do not G-cause Bitcoin

− 0.1851

0.0012

2.5493

0.0556

Stablecoins do not G-cause altcoins

− 0.1560

0.0016

2.9457

0.0329

Bitcoin does not G-cause altcoins

− 0.0407

0.4634

1.0314

0.3787

  1. Notation holds from Table 4