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Below are the data of the Ethereum and the Bitcoin over a 5-day period. Maria would like to invest in either of these two cryptocurrencies.

Below are the data of the Ethereum and the Bitcoin over a 5-day period. Maria would like to invest in either of these two cryptocurrencies. She would like you to help her to calculate the 4-day average Amihud illiquidity measure in billions. If Maria wants to invest in a liquid cryptocurrency, which cryptocurrency should she purchase? Assume volume is the dollar trading volume.

Ethereum

Date

Open

High

Low

Adj Close

Volume

26/07/2021

3,866

3,962

3,806

3,830

16,578,095,000

27/07/2021

3,830

3,915

3,661

3,847

15,908,090,000

28/07/2021

3,848

3,888

3,687

3,749

17,386,204,000

29/07/2021

3,747

3,884

3,737

3,878

15,998,757,000

30/07/2021

3,878

4,167

3,833

3,869

20,338,319,000

Bitcoin

Date

Open

High

Low

Adj Close

Volume

26/07/2021

61,610

62,274

60,206

60,892

34,250,964,000

27/07/2021

60,888

61,646

59,164

61,554

29,032,367,000

28/07/2021

61,549

62,615

60,013

60,026

38,055,562,000

29/07/2021

62,043

64,435

61,623

64,262

40,471,196,000

30/07/2021

64,285

66,930

63,011

63,121

40,788,955,000

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