📈 The American Consumer Confidence Index rose by 5% in May, boosting economic optimism
The Consumer Confidence Index saw a 5% increase in May compared to the previous month, reaching 110 points versus 104.7 points in April. This increase reflects a notable improvement in individuals' expectations regarding the economy and the future of the markets.
🔹 Why is this important?
The Consumer Confidence Index is one of the vital economic indicators that influence market movements; increased confidence encourages investors to make more positive decisions, especially during periods of volatility.
🔹 Impact on the cryptocurrency market:
With rising confidence, the flow of liquidity towards high-risk assets such as cryptocurrencies increases, which may lead to new upward trends and greater profit opportunities for investors.
