Market Efficiency, Liquidity, and Multifractality of Bitcoin: A Dynamic Study
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DOI: 10.1007/s10690-019-09286-0
Abstract: This paper investigates the dynamic relationship between market efficiency, liquidity, and multifractality of Bitcoin. We find that before 2013 liquidity is low and the Hurst exponent is less than 0.5, indicating that the Bitcoin time… read more here.
Keywords: efficiency liquidity; market efficiency; liquidity multifractality; market ... See more keywords