Odaily News The U.S. dollar index (DXY) is hovering near multi-year lows after falling below the psychological level of 100. Andre Dragosch, head of European research at asset management firm Bitwise, pointed out that Goldman Sachs' research still indicates that DXY has room to fall in the future.
Trader BitBull said that DXY is falling at the fastest rate since 2023. In early 2023, Bitcoin and altcoins are rebounding from the trough of the 2022 bear market. At that time, Bitcoin had bottomed out in the fourth quarter of 2022 and rose by more than 200% in a year. Bitcoin is expected to rebound similarly in 2023 as Bitcoin optimism will continue to focus on the momentum of the weakening US dollar. (Cointelegraph)