Bitcoin declined more than 2% to around $83,900-$84,150 as the 10-year U.S. Treasury yield climbed to 5.11%, its highest close since 2007. The yield rose 15 basis points in one session after a weakly received $70 billion five-year note auction, which cleared at 5.033%, the highest auction yield since 2006. Brent crude advanced more than 4% toward $104 a barrel, while S&P Global’s preliminary composite index rose to 58.4, its strongest reading since July 2021. Dogecoin fell about 8%, the steepest decline among major cryptocurrencies, while XRP, Cardano and the $TRUMP memecoin also posted sharp losses. Higher yields reduced the appeal of non-yielding assets as investors assessed stronger growth, inflation risks and the possibility of further Federal Reserve tightening. Bitcoin remained positive for September after earlier regulatory support, including the SEC’s five-year exemption for blockchain-based equity offerings, despite the Clarity Act failing to advance through Congress.