Yet the narrative of bitcoin offsetting the devaluing dollar is even weaker than the one about it being a tech-related investment. The correlation coefficient between bitcoin and the U.S. Dollar Index is just -0.13. Against U.S. bonds, represented by the iShares 20+ Year Treasury Bond ETF (TLT), it is just -0.02. In other words, no relationship at all.
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Bitcoin (BTC) $ 82,785.00
Ethereum (ETH) $ 1,893.82
Tether (USDT) $ 0.999731
XRP (XRP) $ 2.27
BNB (BNB) $ 578.71
Solana (SOL) $ 126.37
USDC (USDC) $ 0.999891
Cardano (ADA) $ 0.723371
Dogecoin (DOGE) $ 0.169960
TRON (TRX) $ 0.225228Bitcoin (BTC) $ 82,785.00Ethereum (ETH) $ 1,893.82Tether (USDT) $ 0.999731XRP (XRP) $ 2.27BNB (BNB) $ 578.71Solana (SOL) $ 126.37USDC (USDC) $ 0.999891Cardano (ADA) $ 0.723371Dogecoin (DOGE) $ 0.169960TRON (TRX) $ 0.225228Notifications
