Cryptocurrency

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$\beta$

ARCH-LM

Bitcoin

0.3672**

0.8179**

0.0545

(0.0000)

(0.0000)

(0.8155)

Litecoin

1.9511

0.8460**

0.1005

(0.6458)

(0.0000)

(0.7512)

Ripple

1.0579**

0.6403**

0.1277

(0.0218)

(0.0000)

(0.7208)