Dogecoin (DOGE) dropped over 10% in 24 hours as Bitcoin (BTC) tested key support levels around $40,000, according to market analysts. The meme coin fell to $0.078 amid broader crypto market declines, with Bitcoin briefly dipping below $40,000 before recovering slightly. Analysts note that Bitcoin's ability to hold above $40,000 is crucial for market sentiment, as a breakdown could trigger further losses across altcoins. Meanwhile, Dogecoin's decline follows its recent surge tied to speculation around potential payments integration by X (formerly Twitter). Traders are watching Bitcoin's next moves closely, as its price action often sets the tone for the wider crypto market.