Data challenges the DXY correlation to Bitcoin rallies and corrections ‘thesis’
![Data challenges the DXY correlation to Bitcoin rallies and corrections ‘thesis’](https://cryptoinvestment.at/wp-content/uploads/2022/09/data-challenges-the-dxy-correlation-to-bitcoin-rallies-and-corrections-thesis.jpg)
Analysts and traders strongly adhere to the “Bitcoin is inversely correlated to the strength of the U.S. dollar index” thesis, but a closer look at the data suggests otherwise.