Data challenges DXY correlation with Bitcoin rallies and corrections 'thesis'

Data challenges DXY correlation with Bitcoin rallies and corrections ‘thesis’

Currently, there seems to be a general assumption that when the value of the US Dollar increases against other major global currencies, as measured by the DXY Index, the impact on Bitcoin (BTC) is negative. Traders and influencers have issued alerts about this inverse correlation and how the eventual reversal of the move is likely …

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