Decoding Bitcoin’s -0.90 Correlation with USD/JPY: Challenging Traditional Market Narratives
Bitcoin’s price (BTC), currently around $66,247.55, exhibits an unusually strong inverse relationship with the dollar-yen (USD/JPY) exchange rate. This 52-week rolling correlation coefficient has plummeted to -0.90, marking its most negative level since late 2022. This significant figure indicates that approximately 81% of Bitcoin’s weekly price movements correspond directly to shifts in the USD/JPY pair. … Read more

