According to The Kobeissi Letter, U.S. bond yields are on the rise regardless of President Trump's tariff policy decisions—whether tariffs are raised, cut, or held steady, yields increase due to inflation, growth expectations, or Fed rate policy respectively (Source: The Kobeissi Letter, May 12, 2025). This persistent upward pressure on yields signals potential volatility for risk assets, including cryptocurrencies, as traders may rotate funds out of digital assets and into higher-yielding traditional markets. Crypto market participants should closely monitor U.S. bond market developments, as sustained yield increases can weigh on Bitcoin and altcoin prices amid shifting risk sentiment.