According to The Kobeissi Letter, President Trump has postponed the implementation of a 50% tariff on EU imports until July 9, 2025, resulting in an immediate spike in the 10-year US Treasury yield above 4.55% (source: @KobeissiLetter, May 25, 2025). This bond market reaction signals that traditional trade policy interventions are losing effectiveness in containing market volatility. For crypto traders, the rise in yields often corresponds with a stronger dollar and reduced risk appetite, potentially leading to short-term downward pressure on major cryptocurrencies such as Bitcoin and Ethereum. Monitoring US bond yields is crucial for anticipating crypto price swings during periods of macroeconomic uncertainty.