A rebound in oil, the strongest U.S. business survey in five years and a poorly received five-year note sale pushed borrowing costs higher, with DOGE leading token losses. Bitcoin fell more than 2% to about $83,900 as rising Treasury yields increased pressure on nonyielding and leveraged assets. Dogecoin led a broad cryptocurrency sell-off with a 7% decline, while Zcash, XRP and Hyperliquid each lost 5% to 6%. Strong U.S. business activity, higher oil prices and weak demand for five-year Treasu…
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