The U.S. Dollar Index (DXY) is experiencing a significant decline, dropping below the 100 threshold and approaching historical lows. According to asset management firm Bitwise’s Head of European Research, Andre Dragosch, this downward trend aligns with Goldman Sachs research indicating further potential for DXY depreciation. Trader BitBull has noted that the DXY is currently experiencing its fastest decline since 2023. Meanwhile, Bitcoin and altcoins are showing signs of a resurgence in 2023. After bottoming out during the fourth quarter of 2022, Bitcoin’s price rose significantly over 200% within a year. This upward trend is expected to continue in 2023, fueled by optimism surrounding Bitcoin and its potential for growth amid the weakening U.S. dollar.