US Dollar Index Is Rising: Will Bitcoin Price Follow or Backtrack?

May 16, 2026 - 17:45
US Dollar Index Is Rising: Will Bitcoin Price Follow or Backtrack?
The US Dollar Index (DXY) is breaking out toward 101 after forming a double bottom on the daily chart. Historically, that move would have weighed on Bitcoin (BTC) price. But 2026 correlation data tells a different story. Bitcoin trades near $80,605, up 0.97% over 24 hours and 8.71% over the past 30 days. The question...

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