According to The Kobeissi Letter, the 7-day moving average of arrivals at the top 10 US airports dropped 5% year-over-year last week, marking the largest decline in 2025 (source: Apollo, cited by The Kobeissi Letter, May 19, 2025). This decrease in tourism, business, and government travel may signal weaker consumer spending and reduced economic activity. For crypto traders, such macroeconomic weakness often translates into lower risk appetite and heightened volatility, potentially leading to reduced inflows into digital assets and lower liquidity across major cryptocurrencies.