Bitcoin's Rally Continues as Nasdaq Surges Amid Consumer Sentiment Concerns

Bitcoin experienced an 11.8% increase last month, reaching $80,700, according to CoinDesk data. Meanwhile, TradingView data indicates that the Nasdaq has climbed 22% since April 1. According to NS3.AI, the University of Michigan's preliminary consumer sentiment reading has dropped to a record-low 48.2. Alvin Kan noted that inflation fears and institutional capital are contributing to a widening gap between household confidence and asset prices.