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Bitcoin's Negative Correlation With Dollar Index Strengthens Ahead of U.S. GDP Data

The 90-day correlation coefficient between bitcoin and the dollar index has slipped to -0.70 from -0.11 four weeks ago.

By Omkar Godbole
Updated Apr 27, 2023, 3:06 p.m. Published Apr 27, 2023, 11:06 a.m.
Bitcoin's negative correlation with the dollar has strengthened after a brief let-up in late March. (Markus Winkler/Unsplash)
Bitcoin's negative correlation with the dollar has strengthened after a brief let-up in late March. (Markus Winkler/Unsplash)