Impact of COVID-19 effective reproductive rate on cryptocurrency

Financial Innovation

Table 12 F-test for the rest of coefficients of the Model 2B with absolute value of the Spread as independent variable

	Autoregresive		DJI		Gold		EUR		VIX
Crypto	F-AR	p-value	FDJI-AR	p-value	FGOLD-AR	p-value	FEUR-AR	p-value	FVIX-AR	p-value
BTC	22.0695	0.0000	0.0927	0.7608	2.3706	0.1236	4.6745	0.0306	10.9432	0.0009
ETH	26.8924	0.0000	0.4820	0.4875	0.7055	0.4010	3.6194	0.0571	6.6780	0.0098
USDT	15.2936	0.0000	0.5359	0.4642	0.9698	0.3247	37.4209	0.0000	14.3868	0.0001
XRP	14.0026	0.0000	0.0296	0.8634	0.6332	0.5939	0.5584	0.5725	6.2249	0.0022
LTC	204.3897	0.0000	2.0571	0.1515	0.1886	0.6641	7.5792	0.0059	7.8361	0.0051
BCH	165.8747	0.0000	2.4603	0.1168	6.9832	0.0082	62.5327	0.0000	26.7516	0.0000
ADA	13.4294	0.0000	4.6706	0.0307	0.1732	0.6773	2.4894	0.0841	8.5273	0.0000
BNB	22.1695	0.0000	0.0590	0.8081	1.9702	0.1604	1.2429	0.2895	15.4177	0.0001