Bitcoin climbs from $63K to $87K even as the dollar index strengthens
- —Bitcoin rose from ~$63K in early August to $87K, then eased to $84.6K
- —The dollar index climbed from 98.40 in early September to above 101
- —BTC is trading well above both its short- and long-term moving averages
- —Simultaneous gains in BTC and the dollar may signal a weakening of their traditional inverse link
Why it matters: If bitcoin holds its gains while the dollar stays strong, it would point to a shift in demand drivers from macro hedging to institutional flows.
Source: Coin Türk