Inflation Expectations Soar, Driving Crypto Market Shift

Consumer confidence is shifting as inflation expectations surge according to the University of Michigan Consumer Survey. This development has rippled through both financial markets and the cryptocurrency world, with Bitcoin facing outflows while Ethereum attracts inflows as investors seek protection against rising prices. The survey reveals that inflation expectations have jumped to 6.7%, marking the largest increase since 1981. This surge is being attributed to political shifts in long-term inflation perceptions.