According to The Kobeissi Letter, New York business services activity dropped by 8.8 points in March 2025, reaching -19.3, the lowest level since January 2023. The index of expectations decreased by 24.9 points to -3.3, the lowest since December 2022, while the business climate index fell by 16.0 points to -51.7, marking the lowest in four years. These declines suggest potential bearish trends in regional economic performance, which could influence local cryptocurrency market sentiment.

According to The Kobeissi Letter, New York business services activity decreased by 8.8 points in March, reaching -19.3, marking the lowest point since January 2023. The index of expectations also fell by 24.9 points to -3.3, its lowest since December 2022, while the business climate index plummeted by 16.0 points to -51.7, the lowest in four years. These indicators suggest potential bearish trends in the market and could impact trading strategies significantly as businesses may face challenging conditions moving forward.