Bitcoin holds near $84,600 as dollar climbs back above 101
- —BTC climbed from about $63,000 in early August to near $87,000, now around $84,600
- —DXY rebounded from 98.4 in early September to above 101
- —About $1 billion in crypto positions were liquidated near $87,000, roughly $900 million of them shorts
- —BTC fell to $83,508 on September 24, with another $583 million liquidated
Why it matters: If the dollar keeps rising while BTC holds $84,000, it would signal a break in the usual inverse correlation and independent drivers for bitcoin.
Source: Cointribune