The U.S. Treasury yield curve has started steepening after the holiday break, with the 10-year yield climbing 4 basis points. This shift carries implications for the broader risk asset landscape, including crypto markets. Higher yields on longer-dated Treasuries typically reflect expectations for sustained economic activity or inflation concerns, which can influence capital flows into alternative assets like cryptocurrencies. Traders monitoring macro conditions are paying close attention to these Treasury movements as a key indicator of market sentiment and future Fed policy trajectories. The post-holiday volatility in yield curves often sets the tone for institutional portfolio adjustments across multiple asset classes.