PANews reported on April 9 that according to The Block, after Trump's latest tariff measures were introduced, the 10-year U.S. Treasury yield soared to more than 4.5% earlier today, while the 30-year Treasury yield exceeded 5%. According to BTC Markets analyst Rachael Lucas, the rise in 10-year Treasury yields usually reflects one or more possible factors, including expected inflation increases, stronger-than-expected economic performance, expected interest rates to remain high for a longer period of time, or increased concerns about fiscal stability. The current yield is rising, while stock markets (such as the S&P 500) are falling, indicating that it is not just a matter of strong economic growth, but a signal of increasing pressure and tightening liquidity. Funds have become more expensive, borrowing costs are higher, and risk appetite is declining. This market condition points to "broader market pressures" and is not conducive to the development of speculative assets, including cryptocurrencies.
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