Bitcoin traded near $83,900 during Thursday Asian hours, down over 2% in 24 hours after reaching nearly $87,300. The decline coincided with the 10-year U.S. Treasury yield closing at 5.11%, up 15 basis points and marking its highest level since 2007. A weak $70 billion five-year note auction cleared at 5.033%, the highest auction yield since 2006, signaling buyers demanded extra premium to absorb government debt. Dogecoin led crypto losses with an 8% drop to just above $0.09, while ZEC, XRP, and HYPE fell between 5% and 6%. Ether, SOL, and BNB declined 2% to 3%, though TRX remained flat. Broader market pressure mounted as Brent crude climbed over 4% to nearly $104 per barrel and S&P Global’s flash U.S. composite PMI hit 58.4, indicating business output grew at its fastest pace in more than five years.