Question
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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