Multiscale Systemic Risk and Its Spillover Effects in the Cryptocurrency Market

Table 4

DY index under D1.

	BTC	USDT	XLM	ETH	BNB	XEM	LTC	XRP	EOS	DASH	XMR	BCH	DOGE	VET	LINK	THETA	FROM
BTC	45.2	4.1	13.9	8.1	5.5	6.4	2.3	1	0.9	0.6	2.1	3.4	1.4	1.7	0.3	3	54.8
USDT	2.5	59.7	5.6	5.8	2.8	1.8	1.8	2.2	0.4	0.5	1.7	1.1	1	5.6	0.3	7.3	40.3
XLM	18	4.1	35.4	7.2	6.6	8.2	3.5	2	2.7	1	3.2	1.6	1.1	1.8	1.9	1.7	64.6
ETH	21	4.3	17.3	20.3	8.1	7.6	2.7	1.2	2.8	1.1	3.4	2	1.6	2.2	1.1	3.1	79.7
BNB	13.9	3.8	13.5	10	35.9	9.8	2.5	0.3	1.4	0.4	3.4	1.6	0.7	0.5	0.9	1.4	64.1
XEM	14.4	2.7	20.5	8.4	5.5	32.2	2	2	1.3	2.2	2.7	0.3	1.3	0.5	1.3	2.7	67.8
LTC	19	4.8	24.1	9.5	7.6	7.8	11.8	1.3	2.4	1	2.6	2	1	2.1	1	1.9	88.2
XRP	15.5	3.2	24	9	6.5	8.9	4.4	14.4	1.7	0.8	3.7	1.5	2.2	1.1	1.1	1.8	85.6
EOS	17.9	3.8	22.1	10.4	8.3	8.4	5.4	1.6	9.1	0.9	3.5	2	1	1.8	1.2	2.6	90.9
DASH	18.5	3.5	20.9	12.4	7.1	8.2	2	1.9	2.8	10.3	3.8	1.1	1.8	1.1	1.2	3.4	89.7
XMR	18.1	4.6	21.1	9.3	8.3	7.6	2.7	2	2.7	2.6	13.1	1.6	1.3	0.9	0.8	3.3	86.9
BCH	20.6	3.1	20.3	12.8	8.3	7.9	3.7	1.5	2.4	2.4	3.4	8.1	1	1.6	0.4	2.6	91.9
DOGE	18.8	3.8	16.2	14	6.7	7.5	3.5	1.2	1.1	0.6	3.9	3	15.6	1.3	0.4	2.6	84.4
VET	17	3.3	19.5	10.9	9.2	9	2.9	5.3	1.3	0.5	2.4	1.3	2	12.5	1.2	1.8	87.5
LINK	14.5	7.3	17.2	13.2	7.2	5.3	1.4	1.3	2.5	1.1	2.6	2.1	1.8	2.9	15.9	3.7	84.1
THETA	19.5	0.1	4.9	0.3	0.1	1.6	1	0.6	0.5	1	1.7	2.5	0.1	0.4	0.2	65.5	34.5
TO	249.2	56.6	261.1	141.4	97.6	106.1	41.7	25.4	26.9	16.8	44.2	27.1	19.3	25.5	13.4	42.9	1195.2
NET	239.6	76	231.9	82	69.4	70.5	−34.7	−45.8	−54.9	−62.6	−29.6	−56.7	−49.5	−49.5	−54.8	73.8	—