Fig. 9
From: Exploring Bitcoin dynamics against the backdrop of COVID-19: an investigation of major global events
Net contagion networks-3. Note: Panel A depicts the net spillovers between Bitcoin and other assets on January 27, 2022, when the US Federal Reserve decided to raise fund rates. Panel B depicts the net spillovers between Bitcoin and other assets on February 23, 2022, when the conflict between Russia and Ukraine escalated and Russia declared a “special military operation”