Internet reports that consumer confidence in the United States has dropped sharply. The latest survey by the University of Michigan shows that consumer sentiment has dropped from 57.0 to 50.8, close to its lowest level in three years, and inflation expectations have soared to 6.7% in the next year. At the same time, investors were selling off U.S. government bonds and the U.S. dollar, causing gold prices to hit a record high of $3,240 per ounce. The cryptocurrency market performed well, with Bitcoin rising 4% to stabilize at $82,000, and mainstream tokens SOL and AVAX rising 6% respectively. Some analysts believe that market volatility stems from the exit of highly leveraged market participants rather than changes in fundamentals.