Bitcoin and Dollar Exhibit Extreme Inverse Correlation, a Rarity in Almost 4 Years
The correlation between bitcoin (BTC) and the Dollar Index (DXY) has reached an extreme level, with the 30-day correlation coefficient standing at -0.90, the most negative since September 2022. This implies that when the dollar weakens, bitcoin strengthens, and vice versa. Notably, the coefficient of determination is 0.81, suggesting that about 81% of bitcoin's short-term price movements are stat…
April 24, 2026, 11:17 a.m.