Analysis: Bitcoin and the Nasdaq have surged recently, but US consumer confidence has fallen to a historic low.

CoinFeed reported on May 11th, citing CoinDesk, that while Bitcoin and the Nasdaq have surged recently, US consumer confidence has plummeted to a record low, highlighting the widening gap between Wall Street and ordinary consumers. Bitcoin rose 11.8% last month, its largest monthly gain since April 2025, and subsequently climbed nearly 6% to $80,700. The Nasdaq has risen 22% since April 1st to a record high of 23,235 points, while the S&P 500 has gained over 12% to 7,398 points. However, the preliminary reading of the University of Michigan Consumer Survey hit a record low of 48.2 points, down 7.7% from the same period last year.