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Crypto Daybook Americas
Bitcoin and Dollar Exhibit Unprecedented Opposition
The correlation between bitcoin's price and the Dollar Index has reached a four-year extreme, with a 30-day correlation coefficient of -0.90. This suggests that when the dollar weakens, bitcoin gains, and vice versa. However, it's essential to consider that bitcoin's 24/7 trading structure can influence this reading. The coefficient of determination indicates that approximately 81% of bitcoin's s…
April 24, 2026, 11:17 a.m.