If the DXY heads higher, crypto is heading lower.
This has shown to have an amazing relationship over the last few years.
It makes sense. The stronger the USD, the worse it is for crypto. This shows that crypto is not the safe haven, the USD is.
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Yes, this correlation developed in this bull cycle, it was not there earlier, ever since the institutional players have joined, this co-relation has begun to shape. I personally do not see this as a good sign. Crypto is also considered a hedge against the USD and other traditional assets, therefore it should have its own unique move.
That's true and it will continue when the big players remain in the market, i.e. almost always. But again when the bull starts the returns is huge in crypto.
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That is true, Bitcoin is not a hedge against the inflation and the price is moving in accordance with the Stock Market, that is my today's post all about which I am going to write :)
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Are you playing FUD now? Although this is true in all sense.
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