Tag: US Dollar Currency Index

There has historically been an inverse correlation between #Bitcoin and #DXY. However, we have previously seen the inverse correlation between #DXY and risk assets break down coming out of periods of high #inflation. Let’s dive into the charts and discuss!

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The #US Dollar Currency Index continues its bull market, now breaking 113. Of course, the sustained strength by #USD continues to put downward pressure on risk assets such as #Bitcoin. How long can #Bitcoin hold on before the strength of #USD pushes it down? Let me know in the comments!

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As #DXY has moved up this week, it has put continued pressure on #Bitcoin. If the #DXY extends its rally, then risk markets are likely in for a bit more pain. In this video we talk about #Bitcoin, #DXY, and the stock market to try and better understand the current market dynamics.

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Disclaimer: The information presented within this video is NOT financial advice.

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