BTC price, U.S. dollar move in near-perfect opposition. It hasn’t been this extreme in almost 4 years.
For Bitcoin Bitcoin$77,684.55 For traders, the direction of the U.S. Dollar Index (DXY), which measures the greenback’s strength against a basket of other currencies, has not been that important over the past four years. That’s because the 30-day correlation between the two is currently -0.90, the most negative since September 2022, according to TradingView. Readings…