According to The Kobeissi Letter, on April 9th it became clear that the bond market is President Trump’s top near-term economic priority. Despite stating for weeks that there would be no delay in tariffs, a sharp decline in the bond market was followed by a 90-day pause in tariff implementation within 12 hours (source: The Kobeissi Letter, May 21, 2025). For crypto traders, this rapid policy shift highlights the strong relationship between US macroeconomic policy decisions and digital asset volatility. Market participants should closely monitor US bond market reactions as they can directly influence global risk sentiment and liquidity, impacting Bitcoin and altcoin price action.