The two assets have moved inversely to each another mostly since March 2020. As of Jan. 16, the daily correlation coefficient between Bitcoin and the U.S. dollar index , a barometer to gauge the greenback's strength versus top rivaling currencies, was -0.83, according to TradingView.A traditional technical setup sees more losses for the dollar ahead.," the setup appears when an asset's 50-period moving average crosses below its 200-period moving average.
"This trading was simply actively traded only on the exchange, and no unusual transactions occurred on the on-chain [...] The current institutional investors have remained calm and just watching. OTC trading will be brisk when they expect a full-fledged uptrend turn." This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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