Crypto Market Soars Past $3 Trillion as Bond Vigilantes Defuse Tariff Fears

Crypto Surges Amid Financial Tensions

In a stunning display of resilience, the cryptocurrency market has officially crossed the $3 trillion mark, fueled by unexpected moves from bond vigilantes and easing fears over global tariffs.

The rally was led by Bitcoin (BTC), which retouched the critical $95,000 resistance level for the first time in over a month. Other top performers like Brett (BRETT), Virtual Protocol (VIRTUAL), Official Trump (TRUMP), Sui (SUI), and Dogwifhat (WIF) also posted jaw-dropping gains — many soaring over 50% in just seven days.

Bond Vigilantes Strike Back

The term “bond vigilantes”, coined by economist Ed Yardeni, refers to investors who sell off bonds to protest unfavorable government policies. This month, they made a powerful statement, pushing U.S. bond yields higher — with 10-year Treasuries hitting 4.585% and 30-year bonds retesting 5% for the first time since January.

These actions have had a chilling effect on Washington’s fiscal ambitions. President Donald Trump’s tariff-heavy policies came under intense pressure, prompting a softening of his stance. In Yardeni’s words, “The Bond Vigilantes have struck again.”

Trump himself acknowledged the market forces at play:
“The bond market is very tricky. I was watching it.”

Crypto Climbs as Tariff Fears Ease

Earlier this month, Trump had delivered a Liberation Day speech announcing sweeping tariffs: a baseline 10% levy across the board, with harsher penalties for China. However, the bond market revolt forced a reconsideration.

As a result, global stock markets rallied, with the Dow Jones and Nasdaq 100 jumping more than 10% from monthly lows, mirrored by gains in Europe’s DAX and CAC 40 indices.

Federal Reserve Drama Averted

The vigilantes’ influence also extended to Trump’s rumored plan to fire Federal Reserve Chair Jerome Powell — a move that, if successful, could have deeply shaken confidence in U.S. bonds and the dollar.
Under heavy financial and political pressure, Trump backed away, preserving market stability.

What’s Next for Crypto?

With tariff risks subsiding and interest rate cuts by the Federal Reserve becoming more likely, many analysts believe that crypto’s historic rally could continue in the coming weeks.

As fears ease and financial innovation accelerates, Bitcoin and the broader crypto market appear poised for further record-breaking milestones.