Mainstream Interest in Crypto Remains Low Amid Declining U.S. Disposable Income: Data

The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day. Well, actually we have a few mainstream interest in crypto markets remains low as key economic indicators show continued decline in the disposable income of us households. This chart shows us households, liquid holdings peaked in early 2022 while Bitcoin rallied in the 18 months following the March 2020 crash, Bitcoin reached an all time high near $69,000 and fell into a brutal bear market as liquid holdings surged. Meanwhile, Jp Morgan says disposable income which currently stands at $1.4 trillion could be fully depleted by May 2024. This could put a halt to the much anticipated crypto bull market. Separately, data shows the non mortgage interest expense continues to surge. Higher interest payments would reduce disposable income, meaning there's less money available to invest in risky assets like us citizens are also falling behind on their credit card and consumer loans. The mounting pile of debt bills means even less disposable income while we can't know for sure what's behind Bitcoin's ongoing lull these four charts paint a more broad picture of the economy and its effects on retail investors. That's it for today's chart of the day. I'm Jen Senai. We'll see you next time to unpack more of the data behind top news stories.