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Bitcoin Above $19K Level Despite US Dollar Index Reaching Highest Level in Over 20 Years

On Monday (September 26), the Bitcoin price is somehow managing to stay above the $19,000 level and in the green (i.e. up on the day) despite the intense pressure on risk-on assets such as crypto and stocks with the U.S. Dollar Index (DXY) at a 20-year high.

According to data from TradingView, on crypto exchange Bitstamp, $BTC is currently (i.e. as of 5:20 p.m. UTC on September 26) trading around $19,064, up 0.51% in the past 24-hour period.

Source: TradingView

Wikipedia says the U.S. Dollar Index” (DXY)—designed, maintained, and published by ICE (Intercontinental Exchange, Inc.)—is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. These other currencies are EUR, GBP, JPY, CAD, SEK, and CHF.

Per data by MarketWatch, over the past seven-day period, DXY has gone from 109.58 to 114.16, which is an increase of 4.18%. The last time DXY was this high was in April 2002.

Source: MarketWatch

Here are what some popular crypto analysts saying about the latest Bitcoin price action:

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