Bitcoin Gives Back More Than $3,500 as 10-Year Treasury Yield Reaches a 19-Year High

Bitcoin slipped below $84,000 as the 10-year yield closed at its highest level since July 2007, on a day that also brought a hot U.S. business survey and the highest five-year auction yield since 2006.

Bitcoin Gives Back More Than $3,500 as 10-Year Treasury Yield Reaches a 19-Year High Bitcoin drops over $3,500 as 10-year Treasury yield hits a 19-year high

Original Photo by Norman Wozny on Unsplash

Posted September 24, 2026 at 6:15 am EST.

Bitcoin traded below $84,000 early Thursday, down about 3% over 24 hours and more than $3,500 below Wednesday’s early high above $87,000, as U.S. borrowing costs hit levels not seen in nearly two decades.

The 10-year Treasury yield closed Wednesday at 5.11%, up 15 basis points on the day and its highest close since July 13, 2007, according to the Treasury Department’s daily yield curve. Five- and seven-year yields also posted their highest closes since that week.

Dogecoin was down nearly 8% at about $0.093 and XRP about 8.5% at $1.47 as of 9:24 a.m. UTC Thursday, while ether and solana each lost more than 3%.

A Hot Survey and a 5% Auction

At 9:45 a.m. ET Wednesday, S&P Global reported that its flash U.S. Composite PMI jumped to 58.4 in September from 56.0 in August, the strongest reading since July 2021. Input costs rose at the fastest overall pace since October 2022, the survey found.