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Dogecoin drops 8%, Bitcoin falls below $84,000 as US Treasury yields hit 16-year highs

Market News
24 Sep 2026, 07:13 WIB
Coindesk
View Source
Bearish
Dogecoin drops 8%, Bitcoin falls below $84,000 as US Treasury yields hit 16-year highs

Dogecoin led a broad cryptocurrency sell-off with an 8% drop, while Bitcoin fell over 2% to about $83,900 amid rising US Treasury yields hitting their highest level since 2007. The 10-year Treasury yield rose to 5.11%, driven by strong US business activity, higher oil prices, and weak demand for five-year Treasury notes. Higher yields increase borrowing costs and pressure non-yielding assets like Bitcoin, contributing to the crypto market decline. Investors are also watching a large Bitcoin options expiry worth around $14 billion due Friday, which may add volatility.

As of Sep 24, 2026 11:21 WIB, Dogecoin is down 10.17% on Pluang, trading at Rp1.660, showing a sharper decline than the 8% drop noted in the news. Bitcoin is also lower by 3.42%, priced at Rp1.495.005.406, reflecting continued selling pressure with 51% of orders as sell. Ethereum follows the downward trend with a 3.74% decrease, trading at Rp47.621.601, highlighting a broad crypto market pullback.

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