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US Dollar Index rises toward 101; Bitcoin's price correlation with dollar shows mixed signals in 2026

Market News
15 May 2026
BeInCrypto
View Source
Neutral
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The US Dollar Index (DXY) is breaking out toward 101 after forming a double bottom, a move historically linked to Bitcoin price declines. However, 2026 data shows a complex relationship, with periods of both positive and negative correlation between Bitcoin and the dollar. Institutional demand, including strong Bitcoin ETF flows, is making Bitcoin pricing less sensitive to dollar moves. The next weeks will reveal if Bitcoin will decouple from the dollar's influence or continue to move inversely as in the past.

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