According to The Kobeissi Letter, small business confidence is plummeting, reaching a record low of 25, faster than during the March 2020 lockdowns. This decline has been exacerbated by the ongoing trade war with the US, which has negatively impacted market sentiment.

According to The Kobeissi Letter, small business confidence has plummeted to 25, the lowest on record, amid ongoing trade tensions with the US. This decline is faster than during the March 2020 lockdowns, indicating significant concerns among small business owners about future economic conditions. This trend could impact cryptocurrency markets as small businesses are major participants in blockchain technology and digital payment systems.