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Crypto Daybook Americas
Bitcoin and Dollar Exhibit Unprecedented Opposition
The relationship between bitcoin (BTC) and the Dollar Index (DXY) has become increasingly intertwined, with a 30-day correlation coefficient of -0.90, the most negative reading in nearly four years, according to TradingView. This implies that when the dollar weakens, bitcoin tends to gain, and vice versa. The coefficient of determination stands at 0.81, suggesting that approximately 81% of bitcoi…
April 24, 2026, 11:17 a.m.
Crypto Daybook Americas
Bitcoin and Dollar Exhibiting Unprecedented Opposition
The relationship between bitcoin and the Dollar Index has become increasingly significant for traders, with the 30-day correlation coefficient reaching -0.90, its most negative level since September 2022. This implies that when the dollar weakens, bitcoin tends to gain, and vice versa. However, it's essential to consider that bitcoin's 24/7 trading structure can influence this reading. The coeffi…
April 24, 2026, 11:17 a.m.