Dynamic Cross-Market Volatility Spillover Based on MSV Model: Evidence from Bitcoin, Gold, Crude Oil, and Stock Markets

Table 4

Granger causality result between bitcoin, gold, and oil.

Node	Mean	SD	MC error	2.50%	5.00%	10.00%	Median	97.50%	is it significant
	0.09138	0.05804	0.00147	−0.0101	0.004241	0.02116	0.0871	0.2177	Not significant
	0.007311	0.02083	0.00054	−0.03462	−0.02706	-0.01888	0.007523	0.04801	Not significant
	0.07217	0.07689	0.00188	−0.06467	−0.04413	−0.02024	0.06662	0.2394	Not significant
	0.02778	0.02933	0.00078	−0.02335	−0.01526	−0.006421	0.02506	0.09253	Not significant
	0.09208	0.049	0.00189	0.0198	0.02779	0.03782	0.08427	0.2093	Significant
	0.03736	0.03113	0.00097	−0.01791	−0.00913	7.33E-04	0.03491	0.1062	Not significant