Bitcoin's negative correlation with US dollar index deepens

The decoupling between Bitcoin and the U.S. Dollar Index (DXY) has significantly strengthened recently. According to CoinDesk, the 30-day correlation coefficient between the two assets has dropped to -0.90, its lowest point since September 2022. This indicates a growing tendency for Bitcoin to rise when the dollar shows weakness. The media outlet noted that Bitcoin's rally paused after it surpassed $79,000, which coincided with the DXY's rebound from 97.63 to 98.65 over the same period.