According to The Kobeissi Letter, the US Treasury yield curve has steepened to approximately 50 basis points, marking the highest level since February 2022 and ending a record 793-day streak of inversion. The spread between 10-year and 2-year Treasuries has remained positive for eight consecutive months, signaling changing macroeconomic conditions. For cryptocurrency traders, a steepening yield curve often reflects expectations of stronger economic growth and rising inflation, which can influence Bitcoin and altcoin volatility as investors reassess risk assets versus traditional safe havens. This shift may drive renewed institutional interest in crypto as a hedge against inflation and currency fluctuations. (Source: The Kobeissi Letter, May 6, 2025)