Invest ideasNews
24 Apr 2026, 11:57
Dogecoin struggles to break $0.0980 as bulls defend $0.0955
🐶 Dogecoin is struggling to climb past $0.0980 as bulls defend the $0.0955 support. The $0.0980 zone could unlock a potential rally in $DOGE if broken. Continue Reading: Dogecoin struggles to break $0.0980 as bulls defend $0.0955 The post Dogecoin struggles to break $0.0980 as bulls defend $0.0955 appeared first on COINTURK NEWS .
24 Apr 2026, 11:55
Bitcoin Negative Correlation with US Dollar Index Deepens to Record Levels – What This Means for Investors
BitcoinWorld Bitcoin Negative Correlation with US Dollar Index Deepens to Record Levels – What This Means for Investors The Bitcoin negative correlation with the U.S. Dollar Index (DXY) has reached its most extreme level in over two years. According to data from CoinDesk, the 30-day correlation coefficient between the two assets dropped to -0.90 as of late October 2025. This marks the lowest point since September 2022. The reading signals a powerful decoupling between the world’s largest cryptocurrency and the benchmark dollar gauge. Bitcoin Negative Correlation with DXY Hits -0.90 A correlation coefficient of -0.90 indicates a near-perfect inverse relationship. When the dollar weakens, Bitcoin tends to rally. Conversely, when the dollar strengthens, Bitcoin often declines. This dynamic has intensified sharply in recent weeks. The previous low of -0.87 occurred in September 2022, during a period of aggressive Federal Reserve rate hikes. Now, the relationship is even stronger. The shift reflects growing investor perception of Bitcoin as a hedge against fiat currency depreciation. As the DXY fell from 101.50 to 97.63 in October, Bitcoin surged from $68,000 to over $79,000. This rally paused only when the DXY rebounded to 98.65. The pattern reinforces the view that Bitcoin trades inversely to dollar strength in the current macro environment. Understanding the Bitcoin DXY Decoupling The Bitcoin DXY decoupling is not a new phenomenon, but its current intensity is notable. Historically, the 30-day correlation between Bitcoin and the DXY has fluctuated between -0.50 and +0.30. A reading below -0.80 is rare. The last time it occurred was during the crypto winter of 2022, when Bitcoin fell alongside a strengthening dollar. Now, the roles have reversed. Several factors drive this shift. First, the Federal Reserve’s pivot to a more dovish stance has weakened the dollar. Second, global geopolitical uncertainty has increased demand for alternative stores of value. Third, Bitcoin’s growing institutional adoption has made it more sensitive to macro factors. The combination creates a powerful feedback loop. Key Data Points Behind the Shift Correlation coefficient: -0.90 (30-day rolling) Previous low: -0.87 (September 2022) DXY range: 97.63 to 98.65 (October 2025) Bitcoin price range: $68,000 to $79,000+ Timeframe: October 2025 These numbers illustrate a clear pattern. When the DXY dropped to 97.63, Bitcoin broke above $79,000. When the DXY recovered to 98.65, Bitcoin’s rally stalled. The relationship is not perfect, but it is statistically significant. Impact on Bitcoin Price Rally and Market Sentiment The Bitcoin price rally above $79,000 has drawn significant attention. However, the pause that followed the DXY rebound highlights a key risk. If the dollar continues to strengthen, Bitcoin could face headwinds. Conversely, further dollar weakness could propel Bitcoin toward $85,000 or higher. Market sentiment remains cautiously optimistic. The Crypto Fear & Greed Index currently reads 72, indicating greed but not extreme euphoria. Open interest in Bitcoin futures has increased by 15% over the past week. Funding rates on perpetual swaps remain positive but not overheated. These metrics suggest room for further upside, but the correlation with the DXY remains a critical variable. Historical Context and Expert Perspectives The Bitcoin negative correlation with the dollar has historical precedents. In 2020, during the pandemic-era stimulus, Bitcoin rallied as the dollar weakened. In 2021, the correlation broke down as both assets rose simultaneously. The current regime is different because it reflects a structural shift in market dynamics. Analysts at CoinDesk note that the decoupling may reflect Bitcoin’s maturation as an asset class. “Bitcoin is increasingly behaving like a risk-off hedge against dollar depreciation,” said one market strategist. “This is a sign of growing institutional acceptance.” However, other experts caution that the correlation may not persist. “Correlations can break quickly in crypto,” warned a derivatives trader. “Investors should not rely on it as a trading signal.” Broader Implications for the Cryptocurrency Market The Bitcoin DXY decoupling has implications beyond Bitcoin. Other major cryptocurrencies, including Ethereum and Solana, have shown similar but weaker inverse correlations with the dollar. Ethereum’s 30-day correlation with the DXY stands at -0.65, while Solana’s is -0.55. This suggests that Bitcoin leads the market in reacting to dollar movements. The decoupling also affects trading strategies. Hedge funds and institutional investors increasingly use the DXY as a macro indicator for Bitcoin positioning. A falling dollar often triggers long Bitcoin positions, while a rising dollar prompts caution. Retail traders should monitor the DXY alongside Bitcoin’s price action. Conclusion The Bitcoin negative correlation with the US dollar index has deepened to -0.90, the lowest level in over two years. This signals a powerful decoupling that has driven Bitcoin above $79,000. While the relationship may not last indefinitely, it currently dominates market dynamics. Investors should watch the DXY closely for clues about Bitcoin’s next move. The decoupling underscores Bitcoin’s growing role as a macro asset and a hedge against dollar weakness. FAQs Q1: What does a -0.90 correlation between Bitcoin and the DXY mean? A: A -0.90 correlation indicates a near-perfect inverse relationship. When the DXY falls, Bitcoin tends to rise, and vice versa. It is the strongest negative correlation since September 2022. Q2: Why is Bitcoin’s correlation with the dollar strengthening? A: The strengthening correlation reflects Bitcoin’s growing role as a hedge against fiat currency depreciation. Factors include Federal Reserve policy shifts, geopolitical uncertainty, and increased institutional adoption. Q3: How does the DXY impact Bitcoin’s price? A: The DXY measures the dollar’s strength against a basket of major currencies. A weaker dollar often boosts Bitcoin as investors seek alternative stores of value. A stronger dollar can pressure Bitcoin prices. Q4: Is this correlation likely to persist? A: Correlations in crypto can change quickly. While the current regime is strong, it may not last. Investors should monitor macro conditions and not rely solely on this relationship for trading decisions. Q5: What should investors do with this information? A: Investors should watch the DXY as a macro indicator for Bitcoin positioning. A falling dollar may support Bitcoin, while a rising dollar could signal caution. Diversification and risk management remain essential. This post Bitcoin Negative Correlation with US Dollar Index Deepens to Record Levels – What This Means for Investors first appeared on BitcoinWorld .
24 Apr 2026, 11:55
XRP price risks 40% decline versus Bitcoin despite 9-day ETF inflow streak
Spot XRP ETFs record net inflows for nine consecutive days, absorbing sell pressure and potentially supporting XRP price recovery over time.
24 Apr 2026, 11:54
Metaplanet Issues $50M Bonds to Expand BTC Holdings Despite $619M Loss
Metaplanet has announced a new bond issuance to support further Bitcoin purchases. The Japanese Bitcoin treasury firm will issue 8 billion yen, worth about $50 million, in zero-interest ordinary bonds. The move comes as the company continues to expand its BTC strategy despite reporting a $619 million net loss for fiscal 2025. The loss was mainly tied to unrealized valuation declines on its Bitcoin holdings. Metaplanet’s shares also weakened after the announcement, while Bitcoin traded near $77,800. Metaplanet Raises Fresh Debt for Bitcoin Purchases Metaplanet said the 8 billion yen bond issuance will fund future Bitcoin acquisitions. The company confirmed that EVO Fund fully subscribed to the issuance. EVO Fund has also supported earlier Metaplanet financing rounds. The latest transaction marks Metaplanet’s 20th bond issuance. The company has used debt and equity-linked instruments to support its Bitcoin accumulation plan since adopting the strategy in April 2024. Metaplanet ranks as Japan’s largest corporate holder of digital assets. Its approach has drawn comparisons with other public companies that use balance sheet capital to build long-term Bitcoin reserves. Bitcoin Holdings Rise Despite Annual Loss Metaplanet purchased 5,075 BTC in the first quarter of 2026. That brought its total Bitcoin holdings to 40,177 BTC as of March 31. The total placed the firm among the largest listed Bitcoin treasury companies globally. However, the company’s latest funding move comes after a steep annual loss. Metaplanet reported a $619 million net loss for fiscal 2025, mainly due to unrealized valuation losses on Bitcoin holdings. The loss shows the balance sheet pressure linked to holding a large Bitcoin reserve. Still, Metaplanet continues to direct capital toward BTC purchases under its treasury strategy. Metaplanet Stock Falls After Bond Announcement Metaplanet shares declined after the company announced the bond issuance. Market data cited in reports showed the stock dropped about 3.5% in one day. The stock has also remained under pressure over a longer period. It fell about 2% over five days and around 27% across six months, despite gaining roughly 10% over one month. The share decline suggests investors remain cautious about the firm’s debt-funded Bitcoin strategy. The company’s exposure to BTC price swings remains a key factor for its market performance. Bitcoin Price Trades Near $77,800 Amid Volatility Bitcoin traded around $77,800 after recovering from earlier weakness. BTC gained about 9% over the past month, though it remained below its October 2025 record near $126,000. Short-term price action remained mixed. BTC was down slightly on the day, while weekly and monthly trends showed some recovery. Metaplanet’s latest bond sale adds to its Bitcoin-focused treasury plan. The company now aims to increase BTC holdings while managing debt obligations after a large unrealized loss.
24 Apr 2026, 11:51
BTC Still Not Breaking Out: Is This the Top for Bitcoin? Price Analysis April 24, 2026
The $BTC price has been at the top of its bear flag since Wednesday. Here we are on Friday, and Bitcoin has still not broken out. Are things starting to look a little ominous? If the king of cryptocurrencies has not broken out by the end of this week, investors might begin to get cold feet. Could a pullback be on the way? A possible pullback to $72,000? Source: TradingView The 4-hour time frame illustrates how the $BTC price reached the top of the bear flag by following an ascending channel all the way from the bottom. Instead of the price now seeking to break out, it appears to be bunching below the bear flag trendline. Also, to give a slightly bearish bias, the price could be about to fall through the mid-line of the channel, and this has always previously led the price back to the bottom of the channel. While this ascending channel formation does lead the price higher, the exit from this type of structure is mostly to the bottom. Therefore, if the price does come down there, the bottom of the channel, plus the $76,000 horizontal support level, will be key for the bulls to hold. As can be seen in the above chart, a speculatory path for this next potential bearish move is drawn out in red. The measured move out of the channel could take the price down to around $72,000 - not far from a horizontal support line and a retest of the bear market trendline. From the bullish perspective, the indicator lines for the Stochastic RSI are coming to the bottom, signalling that upside momentum could kick back in later on Friday. This could lead to another breakout opportunity, taking the price through the top of the bear flag and up to the top of the channel. Steady downtrend in RSI - can it be broken? Source: TradingView The daily chart paints a great picture of the current setup. For the bullish outlook, daily candles are beginning to hold above the 100-day SMA (green line) . This was last witnessed as the $BTC price rose to the bull market top. The 50-day SMA (blue line) is also rising and may be about to cross up through the 100-day SMA - an occurrence that is usually seen near the beginnings of rallies. Nevertheless, from the bearish viewpoint, the price is still within a bear flag, and even if it broke out, it would still need to get above $98,000 in order to officially change the downtrend to an uptrend. Of course, this will probably happen at some point. It just remains to be seen if the process of this trend change is going to continue from here. What appears to be the most convincing evidence from this chart is the steady downtrend of the RSI indicator line . This trend has been descending since November 2005 and would have to be broken for the $BTC price to continue upward. Bullish MACD in weekly time frame Source: TradingView Ending on more of a bullish note, if there is a breakout for the $BTC price from here, it will have broken through very tough resistance at $78,000, as well as out through the top of the bear flag, which is normally a 30% to 40% chance. That said, the main takeaway from the above weekly chart is the bullish looking outlook for the MACD . After going to their lowest point ever, the blue indicator line has crossed above the red signal line, while a second green bar has materialised in the histogram. Nevertheless, it must be noted that the MACD can lag price action by 2 to several weeks, so if another dip is coming, we can’t expect the MACD to give us any forewarning. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
24 Apr 2026, 11:51
Bitcoin price set for best gains since Q4 2024 with $77.5K monthly close
Bitcoin price action has one more week to go until it potentially achieves its biggest month's gains since late 2024.
