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Financial Innovation
Fig. 1 | Financial Innovation

Fig. 1

From: Volatility contagion between cryptocurrencies, gold and stock markets pre-and-during COVID-19: evidence using DCC-GARCH and cascade-correlation network

Fig. 1

Returns of bitcoin, gold, and the six international stock indices CFDs. BTC: Bitcoin, XAU: Gold, JPN: Nikkei 225, SPX: S&P 500, UK: FTSE 100, CHN: China A50, DEU: DAX and CAC: CAC 40. In this Figure, the horizontal axis shows the number of days, and the vertical axis shows returns. This Figure suggests a similarity in the volatility between Bitcoin, gold, and the six stock market indices from January 2, 2011, to June 2, 202,2, and, in particular, with the COVID-19 pandemic (e.g., between 2000 and 2500 days on the horizontal line)

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