According to @CNBC, Asia-Pacific markets are set to track Wall Street gains as rising expectations for Federal Reserve rate cuts act as the immediate catalyst for the risk-on move. According to @CNBC, this setup provides the macro backdrop traders will watch into the APAC session for potential continuation across risk assets, including crypto.

According to Mihir (@RhythmicAnalyst), 20-year US Treasury yields have climbed above 5% today, approaching their recent all-time high. This signals that the bond market does not anticipate a Federal Reserve rate cut in the near future (source: Mihir on Twitter, May 14, 2025). For crypto traders, higher yields typically strengthen the US dollar and reduce risk appetite, often leading to downward pressure on major cryptocurrencies like Bitcoin and Ethereum. Crypto market participants should monitor treasury yields closely, as sustained high yields may indicate continued volatility and potential outflows from digital assets into traditional safe-haven instruments.