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dYdX shows low Bitcoin correlation amid May volatility
- dYdX traded in the $0.15–$0.19 range during May 2026, showing modest gains over the month.
- The token's 30-day correlation with Bitcoin was 0.0842, indicating near-zero daily return correlation.
- This low correlation suggests dYdX price movements have diverged from Bitcoin's direction in recent weeks.
Supporting datasets
Supporting queries
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Conclusion
dYdX's 30-day correlation with BTC-USD is 0.0842, indicating minimal daily return co-movement. Multiple market sources from late May 2026 show dYdX trading between $0.15 and $0.19, with price volatility throughout the month. This low correlation coefficient suggests that dYdX price action has followed independent market dynamics rather than tracking Bitcoin's movements during this period. The token's 90-day high is $0.19446.