Bitcoin's Inverse Correlation With the Dollar Hits a 4-Year Extreme
The 30-day correlation between BTC and the U.S. Dollar Index touched -0.90 this month, the most extreme level since 2022, as macro dominates crypto-specific drivers.
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The 30-day correlation between BTC and the U.S. Dollar Index touched -0.90 this month, the most extreme level since 2022, as macro dominates crypto-specific drivers.
After two years near zero, the rolling correlation between Bitcoin and the S&P 500 has nearly doubled, raising hard questions about the asset's diversification value.
For most of late 2023 and early 2024, BTC's 90-day correlation with U.S. equities collapsed toward zero, only to climb back later in the year.
The correlation between Bitcoin and a basket of large AI stocks has reached multi-year highs, with both responding to the same Fed-and-bubble-risk narrative.
Every six months, someone declares the BTC-equity correlation broken. They're always wrong, and the data is now too clear to keep entertaining the idea.