Dogecoin (DOGE) has dropped 7% following Bitcoin's retreat from its record high of $123,000, as reported on July 16, 2025. This decline in DOGE's value reflects broader market volatility, underscoring the challenges investors face in the cryptocurrency space. Bitcoin's recent surge to an all-time high and its subsequent pullback are pivotal events that could impact trading strategies and market sentiment. The fluctuations in these major cryptocurrencies highlight the ongoing unpredictability in the market.