U.S. consumer confidence has significantly fallen, but the crypto market performs strongly after tariffs.

U.S. consumer confidence fell sharply, with the latest survey from the University of Michigan showing that consumer sentiment fell from 57.0 to 50.8, near the lowest level in three years, and inflation expectations soared to 6.7% in the coming year. At the same time, investors dumped US government bonds and the US dollar, sending gold to an all-time high of $3,240/oz. The cryptocurrency market performed well, with Bitcoin up 4% to stabilize at $82,000 and mainstream tokens SOL and AVAX up 6% each. Some analysts believe that market volatility stems from the exit of highly leveraged market participants, rather than fundamental changes. （CoinDesk）