Liquidity and market efficiency in cryptocurrencies
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DOI: 10.1016/j.econlet.2018.04.003
Abstract: We examine the liquidity of 456 different cryptocurrencies, and show that return predictability diminishes in cryptocurrencies with high market liquidity. We show that whilst Bitcoin returns are showing signs of efficiency, numerous cryptocurrencies still exhibit… read more here.
Keywords: liquidity; liquidity market; market; efficiency cryptocurrencies ... See more keywords