U.S. Treasury yields moved higher as investors awaited further economic data amid growing fears of a recession.

U.S. government debt mostly rallied on Tuesday, sending 2- and 10-year yields lower on the day, after data showed consumer confidence slid in March. The 2-year yield fell 3.2 basis points to 4.002%.

As recession signals flash across traditional markets, crypto faces rising volatility—but not necessarily a crash.