US consumer sentiment hits lowest level in history as Bitcoin holds near $77K
US consumer sentiment has reached an all-time low, with the University of Michigan's index dropping to 44.8 in May. This decline is attributed to high prices, particularly for gasoline, which has left many Americans feeling financially strained. Despite this grim outlook, Bitcoin remains stable near $77,000, supported by institutional investments in the cryptocurrency market.
- ▪The University of Michigan's consumer sentiment index fell to 44.8, the lowest since the survey began in the 1950s.
- ▪57% of respondents cited high prices as the main factor affecting their financial situation, with one-third specifically mentioning gasoline costs.
- ▪Bitcoin has been trading near $77,000, showing resilience despite the poor consumer confidence.
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US consumer sentiment hits lowest level in history as Bitcoin holds near $77K The University of Michigan's consumer sentiment index plunged to 44.8 in May, the worst reading since the survey began in the 1950s, yet Bitcoin is barely flinching. Share Add us on Google by Editorial Team May. 22, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Americans haven’t felt this gloomy about the economy since Eisenhower was in office.
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