#USConsumerConfidence

Cryptocurrencies are risky assets, so the level of consumer confidence in the economy can influence interest in investing in crypto.

High confidence: People feel financially more stable and are willing to invest in riskier assets, particularly cryptocurrencies.

Low confidence: In periods of economic uncertainty, consumers may avoid risk by investing in less volatile assets, such as gold or bonds.

If consumer confidence declines due to rising inflation, it may stimulate demand for cryptocurrencies as a "protection" against dollar devaluation.

For example, Bitcoin is often positioned as digital gold.