Data suggests the strong US dollar makes Bitcoin weaker argument is flawed
Cointelegraph
Published Jun 19, 2021 03:00PM ET
Updated Jun 19, 2021 04:40PM ET
At the moment, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative.
For the past few weeks, analysts and influencers have been issuing alerts about this inverse correlation, which held true until March 2021.
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Written By: Cointelegraph
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