Dogecoin Suffers 9% Drop as Bitcoin’s Weakness Shakes Crypto Market

Dogecoin has experienced a significant decline of approximately 9%, mirroring the wider downturn in the cryptocurrency market, with concerns growing about further sell-offs. This drop is attributed to Bitcoin’s weakening performance and the interconnectedness of cryptocurrency assets. Analysts suggest that this volatility reflects broader trends, influenced by whale activity and bearish technical indicators. Bitcoin’s decline below key psychological levels like $80,000 has added pressure on other cryptocurrencies, including Dogecoin.