U.S. consumer confidence plummets, crypto markets remain strong after tariffs

Odaily News U.S. consumer confidence has fallen sharply, with the latest survey by the University of Michigan showing consumer sentiment falling from 57.0 to 50.8, close to its lowest level in three years, and inflation expectations soaring to 6.7% over the next year. At the same time, investors have dumped U.S. government bonds and the dollar, causing gold prices to hit a record high of $3,240 per ounce. The cryptocurrency market performed well, with Bitcoin rising 4% to stabilize at $82,000, and mainstream tokens SOL and AVAX rising 6% each. Some analysts believe that market volatility is due to the withdrawal of highly leveraged market participants rather than fundamental changes. (CoinDesk)