According to The Kobeissi Letter, the US Consumer Sentiment Index fell by 6.2 points to a historic low of 50.8 in April, marking the second-lowest reading on record. This decline, the fourth consecutive one, suggests potential adverse effects on cryptocurrency markets as consumer confidence wanes. The index had only been lower in June 2022, when inflation peaked at 9.1%. Such economic indicators are crucial for traders, as they often precipitate increased volatility in digital asset markets.

According to The Kobeissi Letter, US consumer sentiment has fallen sharply, with the consumer sentiment index dropping 6.4 points to 64.7 in February 2025, marking the lowest level since November 2023. Consumer expectations about the economy decreased by 5.3 points to 64, reaching a 16-month low, while the assessment of current economic conditions fell by 8.3 points.