ME News, September 30 (UTC+8) — According to CoinMarketCap market data, BTC is currently priced at $85,597, up 3.0% over the past 24 hours. (Source: CoinMarketCap)

The U.S. Dollar Index (DXY) has recently rebounded to a two-month high, but TradingView data shows that Bitcoin's price correlation with the U.S. dollar is actually not high: the 90-day correlation coefficient is only -0.41, meaning that a stronger dollar can explain only about 17% of Bitcoin's daily return fluctuations. Bitcoin's price action is gradually decoupling from the U.S. dollar and is increasingly driven by its own market. (Previously: Bitcoin beats U.S. stocks! Defying the trend, it surged past $72k, while open interest soared to $46 billion, hitting a new February high) (Background: The U.S. dollar's strongest rally in nearly six months! Gold and silver plunged in a “cliff-like” decline, ravaging the precious metals market, while Bitcoin rebounded above $84k) Table of Contents Toggle Short-term data is propped up by two days; removing them makes the correlation even weaker Bitcoin consolidates around $83k; the dollar may be exerting pressure, but its impact is limited Market impact: A stronger dollar does not