Why Dropping US Dollar Index Isn’t Pumping Bitcoin Price, JPMorgan Explains

Despite the US Dollar Index falling more than 10% over the past year, Bitcoin price has failed to show strength, leaving investors confused. On the other hand, a weakening dollar is pushing precious metals like gold and silver to fresh highs. JPMorgan strategists explain the reason why BTC is failing to catch up despite the USD weakness. Why Bitcoin Price Underperformed Despite US Dollar Index Drop Historically, BTC price usually moves in the opposite direction to the USD. Explaining the linearity betw ...