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BTC vs DXY YoY

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Bitcoin versus DXY (US Dollar Index) Year-on-Year

The DXY is a measure of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies.

It is a weighted geometric mean of the dollar's value relative to the following select currencies:

  • Euro (EUR), 57.6% weight
  • Japanese yen (JPY), 13.6% weight
  • Pound sterling (GBP), 11.9% weight
  • Canadian dollar (CAD), 9.1% weight
  • Swedish krona (SEK), 4.2% weight
  • Swiss franc (CHF), 3.6% weight.

    • The DXY goes up when the U.S. dollar gains "strength" (value) when compared to other currencies.

    It can be useful to monitor trends in DXY relative to Bitcoin, because a strengthening US Dollar may also put Bitcoin price under pressure. A weakening US Dollar may over time allow for an upside opportunity in Bitcoin price.

    Comparing Bitcoin price with the Year-on-Year change in DXY can be useful to highlight the longer-term trend changes in DXY. Historically, Bitcoin bull runs have occurred when that DXY YoY trend is trending down.

    Any information on this site is not to be considered as financial advice. Please review the Disclaimer section for more information.