Crypto breaks $3 trillion as bond vigilantes tame tariffs
The ongoing crypto price recovery can be attributed to a group of investors known as the bond vigilantes, a term coined by economist Ed Yardeni.
These vigilantes are investors who often keep the government in check by selling bonds when there is a significant policy change. By selling their bond holdings, these investors typically push yields high and make it expensive for the government to borrow.
The rally mirrored the stock market’s performance. US stock indices, such as the Dow Jones and the Nasdaq 100, have all jumped by over 10% from their monthly lows. International indices like the German DAX and French CAC 40 have also jumped.
Earlier this month, President Donald Trump delivered his
