According to Mihir (@RhythmicAnalyst), 20-year US Treasury yields have climbed above 5% today, approaching their recent all-time high. This signals that the bond market does not anticipate a Federal Reserve rate cut in the near future (source: Mihir on Twitter, May 14, 2025). For crypto traders, higher yields typically strengthen the US dollar and reduce risk appetite, often leading to downward pressure on major cryptocurrencies like Bitcoin and Ethereum. Crypto market participants should monitor treasury yields closely, as sustained high yields may indicate continued volatility and potential outflows from digital assets into traditional safe-haven instruments.