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Dogecoin drops 8% as bitcoin falls below $84,000

Rising U.S. Treasury yields, the highest since 2007, helped pressure crypto markets, with the strongest business survey in five years and a weak five-year note sale cited as drivers.

Reported · Written up by our desk · Market Structure

CoinDesk reports that crypto markets fell broadly, with Dogecoin down 8% and bitcoin trading below $84,000 as U.S. Treasury yields jumped to their highest level since 2007.

The outlet links the selloff to higher borrowing costs after a rebound in oil, the strongest U.S. business survey in five years, and a poorly received five-year note sale.

As yields rose, DOGE led token declines, reflecting the broader risk-off move that followed the move higher in Treasury rates.

Latest closeBitcoin $83,782.61 ▼2.8%|Dogecoin $0.094 ▼6.8%

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