CryptoCoinDeskabout 4 hours ago
Dollar Index breakout threatens Bitcoin price
1 min read
The Dollar Index (DXY) is on the verge of breaking out of a 13-month trading range, having gained 0.26% to 100.66. A strengthening dollar historically weighs on Bitcoin, which has a 90-day correlation coefficient of minus 0.82 with the DXY. Bitcoin traded near $63,900, down nearly 1%.
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