Model | Variable | Coefficient | t-Stat | Prob |
Bitcoin Model | D(BTC) | 0.029*** | 2.910 | 0.005 |
D(EXR) | −1.22** | −2.499 | 0.015 | |
D(EXR(−1) | 0.810* | 1.571 | 0.099 | |
CointEq(−1) | −0.167*** | −2.914 | 0.005 | |
Ethereum Model | D(ETH) | 0.013* | 1.798 | 0.077 |
D(EXR) | −1.156** | −2.199 | 0.032 | |
D(EXR(−1) | 0.810* | 1.571 | 0.099 | |
CointEq(−1) | −0.092** | −1.855 | 0.068 | |
Ripple Model | D(RPL) | 0.002 | 0.567 | 0.572 |
D(EXR) | −1.416*** | −2.725 | 0.008 | |
D(EXR(−1) | 1.025** | 2.014 | 0.048 | |
CointEq(−1) | −0.025 | −2.780 | 0.023 | |
CRYP Model | D(CRYP) | 0.128 | 3.566 | 0.000 |
D(EXR) | −0.731 | −1.749 | 0.085 | |
D(EXR(−1) | −0.186 | −3.543 | 0.000 | |
CointEq(−1) | −0.186 | −3.643 | 0.000 |