Table 3.

Test of speculative bubbles in cryptocurrencies.

Market	$\hat{v}$	e.s.e. $\hat{v}$	$t$-value	$p$-value
Bitcoin	0.395	0.102	3.825	0.000
Ethereum	0.507	0.094	5.383	0.000
CCi30 Index	0.383	0.065	5.855	0.000

Table 3: Test of the null hypothesis of no speculative bubble ($v=0$) against the alternative hypothesis of a speculative bubble ($v>0$).