Dogecoin down 8%, bitcoin under $84,000 as Treasury yields hit 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.
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Summary
- Bitcoin fell more than 2% to about $83,900 as rising Treasury yields increased pressure on nonyielding and leveraged assets.
- Dogecoin led a broad cryptocurrency sell-off with a 7% decline, while Zcash, XRP and Hyperliquid each lost 5% to 6%.
- Strong U.S. business activity, higher oil prices and weak demand for five-year Treasury notes pushed yields higher ahead of Friday’s roughly $14 billion options expiration.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
