CB consumer confidence jumps to 91.7, weighing on bitcoin
- —CB index rose to 91.7 vs 81.2 expected and 81.9 prior
- —The 9.8-point jump reduces chances of near-term Fed easing
- —BTC trades at $79,935 (+0.4%), ETH at $2,319 (+0.8%)
- —Market reaction was muted, with pressure seen as modest
Why it matters: Strong consumer spending keeps the Fed from cutting rates soon, limiting capital flows into risk assets such as crypto.
Source: Siam Blockchain