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).