Dogecoin down 8%, bitcoin under $84,000 as Treasury yields hit highest level since 2007

Dogecoin fell 8% and bitcoin dropped below $84,000 as Treasury yields hit their highest level since 2007. A rebound in oil, the strongest U.S. business survey in five years, and a poorly received five-year note sale pushed borrowing costs higher, with DOGE leading token losses. The market reaction reflects sensitivity to macroeconomic factors affecting risk assets.