#USConsumerConfidence As of January 2025, US consumer confidence was down, with the University of Michigan's Index of Consumer Sentiment (ICS) at 71.1. This is a decrease of 3.92% from the previous month. Explanation The ICS is based on surveys of a random sample of US households. The ICS measures consumer sentiment on topics like business conditions and personal finances. The ICS tends to be low during recessions and high during economic expansion. Recent trends In December 2024, the Conference Board's Consumer Confidence Index dropped to 104.7. This was a decline of 8.1 points from the previous month. In January 2025, the University of Michigan's ICS fell to 73.2, which was below expectations. In January 2025, consumers' short-term inflation expectations increased to 3.3%, which was the highest level since May 2024
#CryptoSurge2025 Bitcoin surged back into the $105,000 range, briefly touching $109,000 on Saturday, as the cryptocurrency market regained its momentum ahead of Donald Trump’s second-term inauguration.
The former US president has signaled strong support for the digital asset industry, fueling investor optimism. Now, Bitcoin is valued at $105,047, up 1.86%, with a fully diluted market cap of $2.08 Trillion.
The week started off slow as Bitcoin dipped below $90,000 due to uncertainty surrounding US Federal Reserve policies. However, reports of a potential rate cut sparked renewed positive momentum.