Bitcoin (BTC) has jumped up 5% on Nov. 10, and confidence is returning over the global macro outlook and the news that FTX began partially opening withdrawals for users.
At the same time, there is hope that this bearish trend will be gone for good by the start of 2023.
Let’s examine three major factors influencing crypto market strength in the current environment.
A look at the Bitcoin historical volatility index (BVOL), recently at multi-year lows seen only a handful of times, shows that Bitcoin still has a way to go to abandon this characteristic.
The U.S. dollar index (DXY) recently hit its highest levels since 2002, and momentum may yet return to take it even higher — at the expense of risk assets and major currencies alike.

Source - Coin Telegraph

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