BitUnix analyst: Thunderstorm in US Treasury basis trading leads to skyrocketing yields, tightening liquidity, XRP short-term support of $1.74, short-term pressure of $2

BlockBeats reported that on April 9, with Trump's tariff parity causing market panic, the US treasury bond bond market experienced a wave of basis trade liquidation, and the long-term yield soared. On Monday (April 7th), due to tariff panic, XRP fell to $1.61 at one point; During the Asian session on Tuesday, XRP quickly rebounded to $2 after digesting positive news from Trump's policies and ETFs, indicating that cryptocurrency assets remain attractive. BitUnix analysts suggest that closing basis trades can trigger a surge in US bond yields, and safe haven funds may continue to shake the cryptocurrency market in the short term. The technical performance of XRP in the range of $1.74- $2 will determine the next trend. It is recommended that investors flexibly use support of $1.74 and pressure level of $2, and strictly manage risks.