Investigation of the relationship between Brent Oil and cryptocurrencies during the pandemic period

Money; The function it performs has an important place in terms of humanity and trade. Historically, coins have always been formed around a central authority. However, Bitcoin, which emerged after 2008 Crisis, gave Money unprecedented dimension. Cryptocurrencies and Brent Oil are in constant interaction and the casuality an important research topic. This study investigates the relationship between Bitcoin, Ethereum and Brent Oil using the data for the period 10.12.2019- 01.10.2020. In this study, the casualty relationship between Brent Oil, Bitcoin and Ethereum was examined with the Granger Casuality test. As a result of the study, a bidirectional casualty relationship was determined between Brent Oil and Ethereum. However, a one-way casuality relationship was found between Brent Oil and Bitcoin. On the other hand, no casual relationhip was found between Ethereum and Bitcoin.