According to Cointelegraph, the US Dollar Index (DXY) has fallen below the psychological level of 100 and is hovering near a multi-year low.
Trader BitBull stated that DXY is declining at its fastest pace since 2023. BitBull drew a parallel between the current market trend and Bitcoin's performance at the time, noting that in early 2023, Bitcoin and Altcoins were rebounding from the lows of the 2022 bear market. At that time, BTC had bottomed out in the fourth quarter of 2022 and rose by over 200% within a year.
Meanwhile, Andre Dragosch, Head of European Research at asset management firm Bitwise, pointed out that Goldman Sachs' research still suggests further downside potential for DXY.


