Bitcoin

<h2 id="quick-take">Quick Take</h2> 
<p>The recent surge of the DXY index, with a climb beyond 106 and a looming breach of 107, is a metric that harks back to its performance at the end of November 2022. It was during this period that the cryptocurrency market witnessed a significant disruption, with Bitcoin’s value plummeting amid the FTX collapse, settling around a dismal $16,000 mark.</p> 
<p>However, the year 2023 has been a testament to Bitcoin’s resilience. Despite the turbulent circumstances that marked its past, the premier cryptocurrency has demonstrated a commendable rebound, weathering the storm of macroeconomic factors and market convulsions. This observation underlines the independent nature of Bitcoin’s performance relative to traditional financial indicators.</p> 
<figure id="attachment_360986" aria-describedby="caption-attachment-360986" style="width: 100%" class="wp-caption aligncenter"> 
 <img class="wp-image-360986 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/09/dxybtc.png" alt="DXY, BTC: (Source: Trading View)" width="1120" height="768" srcset="https://cryptoslate.com/wp-content/uploads/2023/09/dxybtc.png 1120w, https://cryptoslate.com/wp-content/uploads/2023/09/dxybtc-300x206.png 300w, https://cryptoslate.com/wp-content/uploads/2023/09/dxybtc-1024x702.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/09/dxybtc-768x527.png 768w" sizes="(max-width: 1120px) 100vw, 1120px"> 
 <figcaption id="caption-attachment-360986" class="wp-caption-text">
   DXY, BTC: (Source: Trading View) 
 </figcaption> 
</figure> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com/insights/bitcoin-shows-resilience-amid-dxy-surge-defying-traditional-financial-indicators/">Bitcoin shows resilience amid DXY surge, defying traditional financial indicators</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin shows resilience amid DXY surge, defying traditional financial indicators

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