According to The Kobeissi Letter, the US 10-Year Treasury Note yield surged above 4.60% on May 21st, exceeding levels seen during the Trump administration's 90-day tariff pause on April 9th (source: The Kobeissi Letter, Twitter). This spike in yields signals significant stress in the bond market, even as equities remain strong. Elevated yields often indicate risk-off sentiment, which can lead to increased volatility in crypto markets as investors reassess risk exposure. Traders should closely monitor bond market developments, as further intervention or policy shifts could trigger rapid capital flows into or out of digital assets, impacting Bitcoin and altcoin price action.

According to The Kobeissi Letter, on May 21st, the US 10-Year Treasury Note yield jumped above 4.60%, exceeding the levels seen during the Trump administration's 90-day tariff pause on April 9th (Source: @KobeissiLetter, May 23, 2025). This sharp rise in yields signals significant stress in the bond market, despite continued strength in equities. Such yield spikes typically trigger risk-off sentiment that can increase volatility in the cryptocurrency market, as traders may rotate capital away from risk assets like Bitcoin and altcoins. Crypto traders should closely watch bond market developments and potential Trump administration interventions, as these could impact liquidity and risk appetite across all asset classes.

According to Crypto Rover, Howard Lutnick and Scott Bessent reportedly convinced former President Trump to pause tariffs, aiming to stabilize the financial markets. This decision could have significant implications for cryptocurrency trading as reduced trade tensions may lead to increased investor confidence and market liquidity. Traders should monitor potential shifts in market sentiment and adjust their strategies accordingly.