Dogecoin drops 10% as Bitcoin falls to $96,000
 In the past 24 hours, Dogecoin (DOGE) has been the biggest loser among major cryptocurrencies, down 10%. Meanwhile, Bitcoin (BTC) has fallen 5.5% to $96,000. The Bitcoin price drop was driven by the release of new US economic data, which pushed up Treasury yields.
Currencies such as Solana (SOL), Cardano (ADA), Binance Coin (BNB), and Ethereum (ETH) recorded declines of more than 7%.
Analysts believe that this price drop is part of the natural market cycle and may pave the way for larger gains in the future. However, some continue to warn of the volatile state of the market in January and point to structural risks.

Dogecoin price declines can occur for a variety of reasons, including changes in the cryptocurrency market, negative news, and changes in economic policies. However, one of the major factors that can contribute to the decline in Dogecoin price is **Bitcoin price fluctuations**.

Bitcoin is known as a major cryptocurrency, and its price movements can have an impact on other cryptocurrency markets, including Dogecoin. For example, if the price of Bitcoin declines, traders may look to sell Dogecoin to take profits or reduce their risk, which can lead to a decline in the price of Dogecoin.
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