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  "description": "BYTEFOLIO ISSUE 215;\n\n💡This issue covers Chainlink (LINK) and Hyperliquid (HYPE)\n\nBitcoin’s ByteTrend Score remains a 0. The price is off the lows but shows little strength. The $60k level should provide support, but there are no guarantees.\n\n\nBITCOIN\n\nOn-chain activity is robust, with the number of transactions approaching new all-time highs. This provides confidence that the Bitcoin network, measured from blockchain data, is alive and well. Trading volume also remains healthy.\n\n\nBITCOIN TR...",
  "path": "/research/2026/06/bitcoin-dislikes-a-strong-dollar/",
  "publishedAt": "2026-06-24T11:17:10.000Z",
  "site": "https://www.bytetree.com",
  "tags": [
    "Subscribe now"
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  "textContent": "### ByteFolio Issue 215;\n\n💡\n\nThis issue covers Chainlink (LINK) and Hyperliquid (HYPE)\n\nBitcoin’s ByteTrend Score remains a 0. The price is off the lows but shows little strength. The $60k level should provide support, but there are no guarantees.\n\n### Bitcoin\n\nSource: Bloomberg\n\nOn-chain activity is robust, with the number of transactions approaching new all-time highs. This provides confidence that the Bitcoin network, measured from blockchain data, is alive and well. Trading volume also remains healthy.\n\n### Bitcoin Transactions\n\nSource: Blockchain.com\n\nBitcoin continues to dominate crypto as the top 100 tokens to lag (red). The reaffirms there is no problem with Bitcoin per se, but the crypto sector remains out of favour.\n\n### Bitcoin versus Top 100\n\nSource: Bloomberg\n\nIt is a matter of waiting for better times. Bitcoin doesn’t like a strong dollar, and that is upon us. I show Bitcoin with the dollar inverted. It hasn’t always worked, for example in late 2024 there was a divergence, but those were exciting times as the ETFs got underway. Since mid-2025, the dollar Bitcoin inverse correlation has been high.\n\n### Bitcoin and the Dollar\n\nSource: Bloomberg\n\nThese are tough times, but I hope we have already seen the worst.\n\n### This post is for subscribers only\n\nBecome a member to get access to all content\n\nSubscribe now",
  "title": "Bitcoin Dislikes a Strong Dollar",
  "updatedAt": "2026-06-24T11:17:11.194Z"
}