According to The Kobeissi Letter, the US 2-Year Treasury Note yield has risen above 4% after market close, signaling a significant shift in risk-free interest rates (source: @KobeissiLetter, May 21, 2025). This development often prompts traders to reallocate capital away from risk assets like cryptocurrencies toward safer, higher-yielding bonds. Historically, spikes in Treasury yields have led to short-term volatility and downside pressure in the crypto market as liquidity tightens and investor appetite for risk decreases. Crypto traders should closely monitor bond market dynamics and potential capital outflows from digital assets, as elevated yields could impact Bitcoin and altcoin price action in the near term.