Bitcoin’s Prediction Could Be Foretold by the DXY.


The DXY has hit a 2-decades high, the dollar has climbed to 106.17, the highest point since December 3, 2002. On Monday, the index was at 105.14.

Chris Burniske, co-founder of Placeholder, a venture firm that specializes in crypto assets recently tweeted asking, “Does anyone have good correlation data/charts on $BTC vs $DXY?”

As per the IntoTheBlock,  “Very strong negative correlation between the two”. Bitcoin is showing an extremely strong negative correlation with DXY, so whenever the asset grows, Bitcoin and other risky assets fall.