Bitcoin decouples from legacy markets as ‘breathtaking’ rally predicted

A report published by major U.S.-based crypto exchange Kraken has identified signs the correlation between Bitcoin (BTC), the greenback, and legacy markets, is continuin to weaken.

Kraken’s September volatility report found Bitcoin (BTC) largely maintaining a negative correlation with the U.S. Dollar Index (DXY) since May, despite a brief coalescence between the two markets in early September.

Bitcoin’s 30-day rolling correlation with U.S Dollar Index: Kraken

The report attributes BTC’s…


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