Bitcoin and Dollar Exhibit Near-Perfect Inverse Relationship, a Rarity in Almost 4 Years
The direction of the Dollar Index, a gauge of the US dollar's strength against other currencies, has become increasingly relevant for bitcoin traders, with the 30-day correlation coefficient between the two reaching -0.90, the most negative reading since September 2022. This implies that when the dollar weakens, bitcoin tends to gain, and vice versa. However, it's essential to consider that this …
April 24, 2026, 11:17 a.m.