CoinDesk analyzed that BTC showed independent movements ahead of the US Federal Reserve's (Fed) interest rate decision, strengthening its decoupling from the Dollar Index and the US stock market. The media stated, "The short-term correlation between the Dollar Index, which indicates the strength of the US dollar against major currencies, and BTC has fallen to nearly zero. The positive correlation with US stocks has also weakened. The short-term correlation between BTC and the dollar is +0.08, showing a significant difference from -0.54 based on the last 30 days." It added, "The correlation with the S&P 500 dropped from 0.75 to 0.43 the previous day, and with Nasdaq from 0.60 to 0.30. The correlation with gold also fell from 0.69 to 0.28 based on the last 30 days. This decoupling is interpreted as a result of recent market attention focusing on the Clarity Act. The bill failed to pass a key procedural vote in the Senate, and investors' attention shifted from existing macroeconomic factors to regulatory issues."
