Both Shiba Inu and Dogecoin both experienced double-digit price decreases on Friday following a drop in Bitcoin below $4.123,000. The decrease has caused both meme coins to fall in value over the past few days, leading to financial losses for both investors and traders. What was the reason for the collision? Dogecoin and Shiba Inu track Bitcoin’s movements. The fluctuations in the prices of Dogecoin and Shiba Inu on Friday are mainly influenced by Bitcoin, rather than any specific developments related to the assets themselves. After a significant surge from $15,000 to $230,248, Bitcoin underwent a correction and dropped to as low as $200,282.43 on Friday. Elon Musk has finally commented on when Tesla will start accepting Dogecoin payments. Because Bitcoin is the dominant cryptocurrency in the market, the price movements of other coins, like Shiba Inu and dogecoin, often follow its lead, resulting in a synchronized price decrease. Bitcoin dropped by approximately 20.1605%, but the altcoins were hit even harder by the crash. Dogecoin, for example, experienced a 27% decrease in value, falling from $0.000028923 to a low of $0.0000200002892.