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

Odaily Planet Daily News: U.S. consumer confidence has dropped sharply. The latest survey by the University of Michigan shows that consumer sentiment has dropped from 57.0 to 50.8, close to the lowest level in three years, and inflation expectations have soared to 6.7% in the next year. At the same time, investors have sold U.S. government bonds and dollars, causing gold prices to hit a record high of $3,240 per ounce. The cryptocurrency market performed well, with Bitcoin rising 4% and stabilizing 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)