Dogecoin Falls 5% As Bitcoin Drops Below $72,000

Dogecoin (DOGE) fell 5.44% on Wednesday, trading around $0.095, as it experienced a broader crypto pullback alongside Bitcoin, which dropped approximately 3.8% to about $71,600. The decline in Bitcoin, despite seven consecutive days of spot ETF inflows, negatively impacted Dogecoin due to its higher volatility and speculative nature in the crypto market. The correlation between Bitcoin and Dogecoin strengthens during market stress, leading to more significant declines in Dogecoin when Bitcoin falters.