Dogecoin Plunges 8%, Bitcoin Falls Below $84K as Treasury Yields Hit 2007 Highs

Cryptocurrency markets faced significant selling pressure as Dogecoin (DOGE) dropped 8% while Bitcoin (BTC) fell below the critical $84,000 support level. The decline coincides with U.S. Treasury yields reaching their highest point since 2007, creating a challenging environment for risk assets. Rising bond yields typically strengthen the dollar and reduce appetite for speculative investments like cryptocurrencies. Traders are closely monitoring macroeconomic indicators as Bitcoin struggles to maintain key support zones. The broader crypto market remains under pressure, with altcoins like Dogecoin experiencing amplified losses due to their higher volatility compared to Bitcoin.