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Financial Innovation

Table 2 Correlations of cryptocurrency USD prices in boom, bust and stagnation

From: Cryptocurrency competition: empirical testing of Hayek’s vision of private monies

Boom periods

Corr.

Bust periods

Corr.

Stagnation

Corr.

Whole period

1

0.53

2

0.71

3

0.34

 

4

0.76

5

0.71

   

6

0.29

7

0.69

   

8

0.53

9

0.79

   

Average

0.53

 

0.73

 

0.34

0.42

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