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Crypto Daybook Americas
Bitcoin and Dollar Exhibit Unprecedented Opposition
The correlation between bitcoin's value and the Dollar Index has reached its most extreme level in nearly four years, with a 30-day correlation coefficient of -0.90. This indicates a strong inverse relationship between the two, where a weakening dollar typically leads to gains in bitcoin and vice versa. The coefficient of determination stands at 0.81, suggesting that approximately 81% of bitcoin'…
April 24, 2026, 11:17 a.m.