DOGE slides 8% as Bitcoin trades below $84,000

DOGE slid 8% as Bitcoin traded below $84,000 during a crypto sell-off. Bitcoin traded near $83,900 during Thursday Asian morning hours. Bitcoin fell more than 2% over 24 hours after reaching nearly $87,300. The headline described DOGE's decline as 8%, while the body reported a 7% fall to just above 9 cents. ZEC, XRP and HYPE each fell between 5% and 6%. Ether, SOL and BNB each fell between 2% and 3%. TRX held flat. Strong U.S. business activity pushed Treasury yields higher. Higher oil prices also pushed yields higher. Weak demand for five-year Treasury notes added to the pressure before Friday's roughly $14 billion options expiration. Brent crude rose more than 4% to nearly $104 a barrel. S&P Global's flash survey showed U.S. business output growing at its fastest pace in more than five years. The survey's composite index reached 58.4. The index reached its highest level since July 2021. The Treasury's $70 billion sale of five-year notes drew weak demand. The notes cleared at 5.033%. The auction yield was the highest since 2006. The auction yield was about 3 basis points above the notes' pre-sale trading level.