What does DXY mean for crypto?

With regards to E-Mini S&P 500 futures, the “correlation between #bitcoin and $ES_F over the past 4 months has been 0.4 and highly statistically significant ,” Mark Dow, global macro trader wrote in a tweet on Dec. 27.

U.S. Dollar Index (DXY)

Trading correlated currency pairs In such pairs, USD is the first currency: USD/CHF – US Dollar / Swiss Franc. USD/JPY – US Dollar / Japanese Yen. USD/CAD – US Dollar / Canadian Dollar.