ear Treasury yield edged up near 4.05%.

Why should I care?

For markets: Breadth can be a stronger tell than a bitcoin bounce.

When ethereum and other large-cap tokens climb with bitcoin, it suggests risk appetite is spreading – not just rotating into the headline name. Rising turnover helps that case, because rallies on thin volume can fade fast. The catch is that higher bond yields can compete with risk assets over time, so a sustained move may need either easing yields or even stronger demand.

Zooming out: Volume is the difference between a trend and a blip.

Crypto often moves with broader “risk” trades, and Wednesday’s stock gains fit that pattern. The healthier setup is prices rising while activity rises too – it hints…