Bitcoin Slides Below $84,000 as US Treasury Yields Reach 17-Year High

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Bitcoin fell below $84,000 while Dogecoin dropped around 8%, leading losses across the cryptocurrency market. The decline came as US Treasury yields climbed to their highest levels since 2007, raising borrowing costs broadly. A rebound in oil prices and a stronger-than-expected US business activity survey for five years contributed to the yield surge. A poorly received five-year Treasury note auction further pressured markets by signaling weak investor demand for government debt.

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