According to CNBC, the Conference Board’s Consumer Confidence Index jumped to 98.0 in May, marking a 12.3-point rise from April and surpassing market expectations. This surge, driven by optimism over potential trade deals, reflects improving consumer sentiment, which historically correlates with increased market participation and risk appetite. For crypto traders, elevated confidence may signal a short-term bullish outlook for both traditional equities and major cryptocurrencies as investors seek higher returns in risk assets (source: CNBC via The White House Twitter, May 27, 2025).

According to The Kobeissi Letter, the Consumer Confidence Index plunged by 8 points to 86 in April 2025, marking its weakest reading since May 2020 and the fifth consecutive monthly decline (source: The Kobeissi Letter, April 30, 2025). This sharp drop signals growing consumer uncertainty, which is likely to influence risk appetite in financial and cryptocurrency markets. Traders should monitor for increased volatility and potential downward pressure on crypto prices as deteriorating consumer sentiment historically correlates with reduced retail investment flows.