Abstract:In this study, it’s aimed to determine the cointegration relationship between cryptocurrencies and BIST 100. For this purpose, the BIST 100 index closing score for a total of 1001 business days between 01.01.2018 and 31.12.2021 and the prices of the five cryptocurrencies (Bitcoin, Ethereum, Binance Coin, TETHER, Cardano) with the highest market value as of 31.12.2021. A data set was created and analyzed with the ARDL bounds test model. Before the ARDL bounds test, the extent to which the variables are stationa… Show more
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