Bitcoin has decoupled from recent movements in the U.S. Dollar Index, U.S. equities and gold ahead of the Federal Reserve’s interest rate decision on Wednesday. CoinMarketCap data shows Bitcoin’s short-term correlation with the Dollar Index at +0.08, down from -0.54 over the past 30 days. Its correlation with the S&P 500 fell to 0.43 from 0.75, while the Nasdaq correlation dropped to 0.30 from 0.60 and the gold correlation declined to 0.28 from 0.69. CoinMarketCap Head of Research Alice Liu attributed the shift to market attention on the Clarity Act after it failed to pass a key Senate procedural vote on Tuesday. The Federal Reserve is scheduled to announce its decision at 2:00 p.m. Eastern Time, with a 25-basis-point rate hike widely expected and largely priced in. Analysts said a larger hike or unexpectedly hawkish guidance could affect the Dollar Index and Treasury yields, while a sharp rise in yields could tighten financial conditions and prompt safe-haven flows.