According to The Kobeissi Letter, the NFIB Small Business Optimism Index fell by 1.6 points in April 2025 to 95.8, marking its lowest level since October 2024. Six out of ten index components declined, with expectations for future business conditions showing the sharpest drop. This growing pessimism among US small businesses signals potential economic headwinds, increasing investor caution in risk assets, including cryptocurrencies. Historically, lower business confidence can lead to reduced liquidity and higher volatility in the crypto market as traders seek safer assets. Source: The Kobeissi Letter (Twitter, May 15, 2025).

According to The Kobeissi Letter, the NFIB Small Business Optimism Index in the US fell by 1.6 points to 95.8 in April 2025, marking its lowest level since October 2024 (source: Twitter, @KobeissiLetter, May 15, 2025). Six out of ten index components declined, with business condition expectations showing the steepest drop. For traders, this signals growing economic uncertainty among small businesses, which historically correlates with increased volatility in both traditional and cryptocurrency markets. Market participants should monitor risk sentiment closely, as pessimism in the small business sector can spill over into crypto asset pricing, particularly affecting Bitcoin and altcoin volatility.