Dynamic Connectedness of Major Digital Currencies: A Time-Varying Approach
Table 2
Event-driven table (here are the event-driven cases of total connectedness; from left to right are the events, corresponding time, and the status of total connectedness).
Event
Time
Status
Digital currency regulation tightens
Beginning of 2018
Bottom
US interest rate hike and trade war
Early 2019
Top
Libra White Paper released
Mid-2019
Bottom
COVID-19 epidemic
Early 2020
Rapid rise
Meltdowns in the US stock market
From March to June 2020
Top
US announces unlimited QE
March 2020
Start to fall
RCEP agreement signed
November 2020
Bounce
Dollar index hits new stage low
Early 2021
Bottom
International economic recovery and soaring US treasury rates
