Exploring the Causal Relationship Between Crypto Assets and Bist100: An Empirical Investigation

Home Page
About
Submit A Journal
Submit A Conference
Submit Paper/Book
- Submit a Preprint
- Submit a Book
Contact

Afyon Kocatepe Üniversitesi Sosyal Bilimler Dergisi
Cilt: 27 Sayı: 2
Exploring the Causal Relationship Between Crypto Assets and Bist100: An Empirical Investigation

Exploring the Causal Relationship Between Crypto Assets and Bist100: An Empirical Investigation

Authors : Kezban Hitay Sarp

Pages : 599-609

Doi:10.32709/akusosbil.1313396

View : 75 | Download : 16

Publication Date : 2025-06-18

Article Type : Research Paper

Abstract :The main aim of this study is to determine the causal relationship between Bitcoin, the cryptocurrency with the highest market volume, and the BIST100, which represents the Turkish stock market. The study period is divided into two temporal periods considering the COVID-19 pandemic, which affected all markets and caused significant changes in their performance. The time intervals are defined as pre-pandemic (18/01/2017 - 9/03/2020) and pandemic period (10/03/2020 -05/05/2023). Daily data was used for analysis, and weekend prices were excluded from the analysis as the stock market operates only on weekdays. The Vector Autoregressive (VAR) model-based Granger Causality Test was used to examine the data. The results of the analysis indicated that no causality could be detected between Bitcoin and BIST100, and vice versa, during both the pre-pandemic and pandemic periods.
Keywords : Kripto para, Hisse Senedi Piyasası, Covid-19, Granger Nedensellik Analizi

ORIGINAL ARTICLE URL

* There may have been changes in the journal, article,conference, book, preprint etc. informations. Therefore, it would be appropriate to follow the information on the official page of the source. The information here is shared for informational purposes. IAD is not responsible for incorrect or missing information.