Bitcoin and Dollar Exhibit Rarely Seen Inverse Relationship
The correlation between bitcoin and the Dollar Index has reached its most extreme level in nearly four years, with a 30-day correlation coefficient of -0.90, indicating a strong inverse relationship. This means that when the dollar weakens, bitcoin tends to gain, and vice versa. The coefficient of determination, which measures the strength of this relationship, stands at 0.81, suggesting that aro…
April 24, 2026, 11:17 a.m.