The DXY Index, which measures the U.S. dollar against a basket of major currencies, fell 0.35% to 97.942 on December 23. This decline was influenced by the euro rising to $1.179 and the British pound reaching $1.3497. Meanwhile, the Japanese yen, Swiss franc, and Swedish krona weakened against the dollar. As the dollar shows signs of weakness, the fear and greed index indicates a cautious market sentiment. Traders are increasingly focusing on altcoins, anticipating potential rebounds in the cryptocurrency market amid the current currency fluctuations.