Glassnode says BTC sidelined as U.S. consumer confidence diverges from stocks

Consumer confidence in the U.S. has fallen to a record low even as stocks continue to hit fresh highs, leaving Bitcoin sidelined in the process, according to on-chain analytics platform Glassnode. Consumer confidence is a measure of how optimistic or pessimistic consumers feel about overall economic conditions. Glassnode said weak consumer sentiment is pushing cash into stocks, particularly AI-related names, while BTC is being clearly overlooked in the current phase.