Is there a negative correlation between the USD & BTC ?

TVC:DXY   U.S. Dollar Currency Index
Is there a negative correlation between the USD & BTC ?

As investors flee the perceived safety of the USD to
be free of US Hegemony and look towards the future
of " Sound Money " will they reallocate some capital
to BTC which is gold 2.0 ? Will BTC be seen as a flight
to safety to preserve purchasing power by the many ?

YES ....
Been asking myself the same questions. Thing is, in 2008 financial crisis, even gold got hit intially as usd shortage created temporary deflation, everything was falling down. Only after stocks bottomed out, gold started a long rally, fueled by fear of US gov debt default. So for BTC, long-term i'm sure it has a future, but the near-term, question is if 6k is the bottom that will hold if stocks tumble? Cause S&P has a lot more room to go down in next few months and FED hiking rates will fuel that. Margin calls will start popping up. I see large accumulation on BTC right now but doesn't mean the BTC bottom is in.. No uptrend yet.. I do expect however, if and when BTC proves it's anticorrelated with stocks, it will go up fast. I do think it's a matter of time but near term really can't exclude possiblity of more crypto bleed. Inverse H&S has trouble forming on total crypto marketcap
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