According to The Kobeissi Letter on Twitter, 44% of US consumers now expect higher unemployment within the next 12 months, marking the highest level since 2020. The New York Fed reports this figure has surged by 10 percentage points in just two months, representing the second-largest two-month increase on record. Such a sharp shift in consumer sentiment may signal economic uncertainty, often leading to increased volatility in both traditional and cryptocurrency markets as investors seek safe-haven assets or adjust risk exposure. Crypto traders should closely monitor macroeconomic sentiment indicators, as rising unemployment expectations can influence liquidity, risk appetite, and capital flows into digital assets. (Source: The Kobeissi Letter, NY Fed, May 16, 2025)