Bitcoin, Nasdaq investors are celebrating, while U.S. consumers turn gloomy.
Major financial assets and the U.S. consumer are moving in opposite directions, telling two very different stories about the U.S. economy. Bitcoin, the leading cryptocurrency and macro asset by market capitalization, rose 11.8% last month, its biggest gain since April 2025, and has since expanded by nearly 6% to $80,700, according to CoinDesk data. The…