Bitcoin Defies a Strong Dollar: Is Decoupling Underway?

Bitcoin and the US dollar rise simultaneously. Since early August, BTC has gone from around 63,000 dollars to nearly 87,000 dollars before returning to about 84,600 dollars. However, the DXY also follows an upward slope. Falling to around 98.4 in early September, the dollar index now trades above 101. An unusual situation for two assets whose movements have often been opposite.

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