Dxy vs bitcoin

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Bullish group is majority owned. While BTC appears poised to trade flat for the timecookiesand do of The Wall Street Journal, - because correlations vd revert.

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Bitcoin correlation with DXY hits month high. Bitcoin (BTC) correlation with the US Dollar Index has hit a month high, at based on. Bitcoin's (BTC) negative correlation with the U.S. dollar index (DXY) has broken in recent weeks, with the top cryptocurrency struggling to. For instance, bitcoin fell in late as the collapse of crypto exchange FTX kept investors from cheering weakness in the U.S. currency.

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calendar_month 28.04.2023

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While the DXY chart is an important factor to consider when analyzing the cryptocurrency market, it is by no means the only one. Values skewed toward -1 indicate that lower prices for one variable are associated with higher prices for the other. The world of finance and investments is constantly evolving, with new trends emerging all the time. One reason for this negative correlation is that Bitcoin is often seen as a hedge against inflation.