Bitcoin's Decoupling from the Dollar Raises Market Concerns
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 2h ago- Bitcoin Price Volatility: Despite a 10% decline in the US Dollar Index, Bitcoin unexpectedly dropped 13%, currently priced at $84,356.61 with a market cap of $1.69 trillion, raising concerns about its impact on investor strategies and market predictions.
- Muted Market Reaction: The market's response to Bitcoin's decoupling from the dollar has been muted, with no official comments from major leaders or exchanges, indicating a lack of investor confidence and interest in this unusual phenomenon.
- Declining Trading Volume: Bitcoin's 24-hour trading volume stands at approximately $49.69 billion, down by 5.49%, suggesting reduced market activity that could affect liquidity and price stability.
- Broken Historical Patterns: Historically, Bitcoin has rallied significantly during declines in the dollar index, but this time it has not followed suit; Coincu's research team suggests this may prompt regulators to examine short-term capital flows and technological advancements impacting Bitcoin's future correlation.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
