Lead lag relationship between financial markets: An application on crypto money market

While you are in the deadline for cryptocurrencies, your funds will be attractive. In particular, Bitcoin is one of the values worth progressing in terms of market value and business volume. This is everyone's problem sentence "Does the Bitcoin price movements with the highest volume of the crypto market have an effect of BIST100?" As designed and designed. Our short and long analyzes from the Bitcoin and BIST100 talks, representing this crypto money market, have been analyzed with the VAR-Granger Test. The study consists of three consecutive parts. In the first part, after the general theoretical framework of financial markets is given, in the second part there is a detailed literature summary consisting of the crypto money market and studies on it, and in the third part, the short and long-term follow-up relationship between Bitcoin and BIST100 index, VAR-Granger Causality Test analyzes and empirical findings. As a result, the two indices are affected by each other's price movements, and we can say that BTC is leading against BIST100.The fact that the financial literature on the crypto money market is limited study in this framework is the originality of the study and its possible contribution to the literature. Keywords: BIST100, Bitcoin, Cryptocurrency Market, Financial Markets, Follow-Up Relationship