Table 8 Granger causality on market capitalizations for years 2018–2020
From: On the role of stablecoins in cryptoasset pricing dynamics
Hypothesis (\(H_0\)) | Short-term | Long-term | ||
|---|---|---|---|---|
(df = 911) | (df = [2, 916]) | |||
t-stat | p value | F-stat | p value | |
Bitcoin does not G-cause stablecoins | 0.0498 | 0.1978 | 0.8602 | 0.4234 |
Altcoins do not G-cause stablecoins | − 0.0189 | 0.4694 | 0.3720 | 0.6895 |
Stablecoins do not G-cause Bitcoin | − 0.0341 | 0.5596 | 2.2459 | 0.1064 |
Altcoins do not G-cause Bitcoin | 0.0470 | 0.4818 | 0.5272 | 0.5905 |
Stablecoins do not G-cause altcoins | − 0.0806 | 0.1482 | 1.7684 | 0.1712 |
Bitcoin does not G-cause altcoins | − 0.1778 | 0.1003 | 2.0154 | 0.1339 |