Bitcoin and the dollar are rising together, breaking their historical pattern
- —DXY rose almost 2% in September to 101.61, the highest since late July
- —Bitcoin gained over 6% this month, defying its historically weak September
- —The Fed hiked rates by 25 bps on September 16; 30-year Treasury yields hit their highest since 2002
- —BTC closed a week above its 50-week moving average for the first time since November 2025, with a golden cross forming
Why it matters: If BTC holds up against a stronger dollar and higher rates, it signals durable demand; PCE inflation and the US jobs report are the next tests.
Source: Newsbit