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Financial Innovation

Table 2 Summary statistics of AMIM for Bitcoin and Ethereum

From: On the efficiency and its drivers in the cryptocurrency market: the case of Bitcoin and Ethereum

 

Mean

Min

Max

Std. Dev

Skewness

Kurtosis

ADF

PP

Bitcoin

0.0255

− 1.2907

0.4742

0.2909

− 0.9034

3.6816

− 3.9997***

− 3.9997***

Ethereum

0.1012

− 1.5201

0.5112

0.2936

− 1.6531

6.9687

− 2.9012**

− 8.0242***

  1. The table shows the descriptive statistics of the one-year- AMIM series of Bitcoin et Ethereum. Given that we retain a window size of one year, the sample period of the AMILM variable is between 08/08/2017 and 02/15/2023. J–B (Jarque–Bera) statistics p-values are related to the normality test. ADF and PP are the statistics of Dickey–Fuller and Phillips–Perron related to the unit root tests
  2. *** and ** indicate statistical significance at the 1 and 5% levels, respectively
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