Bitcoin decouples from legacy markets as ‘breathtaking’ rally predicted
Kraken has identified a decreasing correlation between Bitcoin and the legacy financial markets. A report published by major US-based crypto exchange Kraken has identified signs the correlation between Bitcoin (BTC), the greenback, and legacy markets, is continuin to weaken. Kraken’s September volatility report found Bitcoin (BTC) largely maintaining a negative correlation with the US Dollar Index (DXY) since May, despite a brief coalescence between the two markets in early September.
Coin Telegraph - 13th Oct 02:10