Dogecoin drops 5% as major cryptocurrencies slide amid rising Treasury yields

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Dogecoin led declines among major cryptocurrencies, falling approximately 5% in a broad market selloff. BNB and XRP also posted significant losses, dropping around 4% and 3% respectively. Bitcoin showed relative resilience, holding steady near the $78,000 level during the downturn. Rising oil prices pushed U.S. Treasury yields to their highest levels since late 2023, adding pressure to risk assets including crypto.

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