Bitcoin traded near $83,900 during Thursday Asian hours, down more than 2% over 24 hours after reaching nearly $87,300. The decline came as the 10-year U.S. Treasury yield closed at 5.11%, up 15 basis points and its highest level since 2007. A weak $70 billion five-year note auction cleared at 5.033%, the highest auction yield since 2006, indicating investors demanded additional premium to absorb government debt. Dogecoin led losses among major cryptocurrencies, falling 8% to just above $0.09, while ZEC, XRP and HYPE dropped 5% to 6%. Ether, SOL and BNB declined 2% to 3%, while TRX was flat. Broader pressure accompanied a more than 4% rise in Brent crude to nearly $104 a barrel and an S&P Global flash U.S. composite PMI (business activity gauge) reading of 58.4, showing business output grew at its fastest pace in more than five years.